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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 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
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
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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 25 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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