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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
In the spring, some staffers received promissory notes in place of incentive pay.
—Madeline Fitzgerald, Quartz, 25 Sep. 2024
Federal student promissory notes, which contain applicable terms and conditions, specifically note that borrowers are entitled to student loan forgiveness under these programs.
—Adam S. Minsky, Forbes, 19 Sep. 2024
Rambo also frequently put his deals into writing, signing contracts and promissory notes with almost all of the investors who spoke to the Star-Telegram.
—Emily Brindley, Fort Worth Star-Telegram, 9 July 2024
Person, then an assistant coach at his alma mater, pocketed the bankroll with a promissory note to deliver top NBA prospects to Blazer, who would then become their business manager.
—Patrick Sauer, Washington Post, 26 July 2024
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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 5 Nov. 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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