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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
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 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 25 Nov. 2024.

Legal Definition

promissory note

see note

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