- 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.
- 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
Examples from the Web for promissory note
Cedula, sed′ū-l, n. a South American promissory-note or mortgage-bond on lands.
- 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