promissory note

noun

Definition of promissory note

: a written promise to pay at a fixed or determinable future time a sum of money to a specified individual or to bearer

Examples of promissory note in a Sentence

Recent Examples on the Web Your written obligation to pay the lender is called a promissory note. Dallas News, "Real Estate 101," 6 Jan. 2020 Besides the promissory note, the company paid $1 million. Bill Bowden, Arkansas Online, "Theme park owner out, bless his heart," 8 Dec. 2019 A year later, Sillerman was pushed into bankruptcy over an unpaid $7.4 million promissory note to React Presents during the SFX rollup. Dave Brooks, Billboard, "After Success His Entire Career, Robert Sillerman's Final Years Were Marked by Pain, Loss and Deception," 27 Nov. 2019 The Van Dykes accuse the Bucks of failing to make monthly payments under the H.R.H. promissory note. Patrick Danner, ExpressNews.com, "San Antonio horse-drawn carriage company gallops into bankruptcy amid fight over sale," 12 Nov. 2019 Of the total, a quarter will come in the form of a promissory note payable in cash after two years. Polina Marinova, Fortune, "Startups Going Public Have Created Their Own Literary Genre: Term Sheet," 29 Aug. 2019 In an earlier suit filed by the father in state court, a judge last year ordered Shkreli to pay him more than $420,000 covering the promissory note plus interest. Washington Post, "Ex-drug company CEO Martin Shkreli sues former investor," 6 Sep. 2019 Beginning in 1988, Towers began selling more than $270 million worth of promissory notes, offering returns of 12 to 16 percent and marketing them largely to people of modest means, among them widows, retirees and people with disabilities. Author: Marc Fisher, Jonathan O'connell, Anchorage Daily News, "For 30 years, prosecutors and victims tried to hold Jeffrey Epstein to account. At every turn, he slipped away.," 10 Aug. 2019 The scheme worked like this, according to prosecutors who later brought charges against Hoffenberg: Between 1988 and 1993, Towers raised more than $400 million by selling bonds and promissory notes to investors. Brian Pascus, CBS News, "Jeffrey Epstein worked at financial firm that engaged in massive Ponzi scheme in 1980s and 1990s," 13 Aug. 2019

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'promissory note.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of promissory note

1710, in the meaning defined above

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Time Traveler for promissory note

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The first known use of promissory note was in 1710

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Last Updated

20 Jan 2020

Cite this Entry

“Promissory note.” The Merriam-Webster.com Dictionary, Merriam-Webster Inc., https://www.merriam-webster.com/dictionary/promissory%20note. Accessed 25 January 2020.

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More Definitions for promissory note

promissory note

noun

English Language Learners Definition of promissory note

business : a written promise to pay an amount of money before a particular date

promissory note

Legal Definition of promissory note

see note

More from Merriam-Webster on promissory note

Rhyming Dictionary: Words that rhyme with promissory note

Britannica.com: Encyclopedia article about promissory note

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