promissory note

noun

1. a written promise to pay a specified sum of money to a designated person, or to the bearer of the note, at a fixed time or on demand.
2. a written promise to do or provide something, usually presented as a gift and claimable when or however the recipient chooses.

promissory note

noun

1. commerce a document, usually negotiable, containing a signed promise to pay a stated sum of money to a specified person at a designated date or on demand Also callednotenote of hand

Word History and Origins

Origin of promissory note¹

First recorded in 1700–10

Example Sentences

In the first three months of the year, Trump Media had a net loss of $327.6 million, with $311 million of it resulting from “noncash expenses arising from the conversion of promissory notes.”

From New York Times

He’s there only to sign a new promissory note with her employer borrowing more money against her labor, which is sex work.

From New York Times

The company has held talks with those investors — mainly hedge funds — about selling them interest-bearing promissory notes that convert into company stock, but nothing has come of them yet.

From New York Times

While it involves trustees, they will typically let you invest in items such as promissory notes, tax lien certificates, real estate and precious metals.

From Encyclopedia.com

If you are approved, you will be asked to sign a promissory note that keeps your loan active for 10 years after graduation.

From Encyclopedia.com