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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.
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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

IOUnote

Examples from the Web for promissory note

Historical Examples

  • Cedula, sed′ū-l, n. a South American promissory-note or mortgage-bond on lands.

    Chambers's Twentieth Century Dictionary (part 1 of 4: A-D)

    Various


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
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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