PROMISSORY NOTE Definition & Meaning

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promissory note

noun

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.
a written promise to do or provide something, usually presented as a gift and claimable when or however the recipient chooses.

promissory note

noun

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

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51�Թ� History and Origins

Origin of promissory note¹

First recorded in 1700–10

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Example Sentences

Examples have not been reviewed.

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.”

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

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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.

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

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

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