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promissory note
noun
: a written promise to pay at a fixed or determinable future time a sum of money to a specified individual or to bearer
Examples of promissory note in a Sentence
Recent Examples on the Web
The Securities Division of the Indiana Secretary of State issued Grubbs a cease and desist order because he wasn't registered to offer short-term, high-interest promissory notes.
—Alexandria Burris, The Enquirer, 6 Dec. 2024
The filing also details various financial agreements, including amendments to promissory notes with Charles Hyatt, extending maturity dates to May 2025.
—Quartz Bot, Quartz, 20 Nov. 2024
The purchase involved cash, a promissory note, and Berkshire Hathaway B shares.
—Bill Stone, Forbes, 2 Nov. 2024
The spread of promissory notes (letters of credit) in the High Middle Ages caused an upheaval in Eurasian markets.
—Kevin Werbach, Foreign Affairs, 29 July 2019
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Word History
First Known Use
1710, in the meaning defined above
Dictionary Entries Near promissory note
Cite this Entry
“Promissory note.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/promissory%20note. Accessed 24 Dec. 2024.
Legal Definition
promissory note
see note
More from Merriam-Webster on promissory note
Thesaurus: All synonyms and antonyms for promissory note
Britannica.com: Encyclopedia article about promissory note
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