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
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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 See all Example Sentences for promissory note 

Word History

First Known Use

1710, in the meaning defined above

Time Traveler
The first known use of promissory note was in 1710

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 22 Dec. 2024.

Legal Definition

promissory note

see note

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