promissory note

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noun
  1. a written promise to pay a specified sum of money to a designated person or to his or her order, 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.

Origin of promissory note

First recorded in 1700–10
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

Related Words for promissory note

IOU, note

Examples from the Web for promissory note

Historical Examples of promissory note


British Dictionary definitions for promissory note

promissory note

noun
  1. mainly US 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 demandAlso called: note, note of hand
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012