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. Also called: note.  note of hand. 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

Word History and Origins

Origin of promissory note¹

First recorded in 1700–10