promissory note
noun
: a written promise to pay at a fixed or determinable future time a sum of money to a specified individual or bearer
Examples of promissory note in a Sentence
Recent Examples on the Web
The purchase price will be funded with $20 million in cash at closing and a $100 million promissory note due five years from closing, accruing interest at 5% annually.
—
Jill Goldsmith, Deadline, 11 May 2026
The purchase price will be funded with $20 million in cash at closing and a $100 million promissory note due five years from closing (accruing interest at 5% annually).
—Todd Spangler, Variety, 11 May 2026
Where Banking History Meets Live Music The hotel’s name is, of course, a reference to a promissory note—and many of the original features, including seven bank vaults and safes, have been thoughtfully preserved and woven into the design.
—Lydia Mansel, Southern Living, 6 May 2026
The Dam Nation purchase agreement was structured through a promissory note carrying 5% annual interest, with an additional 5% penalty rate triggered in the event of default.
—Daniel Libit, Sportico.com, 29 Apr. 2026
See All Example Sentences for promissory note
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Jill Goldsmith, Deadline, 11 May 2026
The purchase price will be funded with $20 million in cash at closing and a $100 million promissory note due five years from closing (accruing interest at 5% annually).
—Todd Spangler, Variety, 11 May 2026
Where Banking History Meets Live Music The hotel’s name is, of course, a reference to a promissory note—and many of the original features, including seven bank vaults and safes, have been thoughtfully preserved and woven into the design.
—Lydia Mansel, Southern Living, 6 May 2026
The Dam Nation purchase agreement was structured through a promissory note carrying 5% annual interest, with an additional 5% penalty rate triggered in the event of default.
—Daniel Libit, Sportico.com, 29 Apr. 2026
See All Example Sentences for promissory note
Cite this Entry
“Promissory note.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/promissory%20note. Accessed 13 May. 2026.
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