promissory note

noun

: 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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
The company also recorded a gain on the change in fair value of convertible promissory notes in the previous year. Quartz Intelligence Newsroom, Quartz, 28 Mar. 2025 Today Khader is an emergency physician at Northwestern Medicine Palos Health in Palos Heights and Moe has a solo practice in civil law, which includes contract disputes, promissory notes and leases. Janice Neumann, Chicago Tribune, 24 July 2025 In some cases, Grubbs would roll over promissory notes with continued promises to repay investors even greater dividends. Alexandria Burris, IndyStar, 28 May 2025 The company has been financing its operations through promissory notes from Marblegate SOMF, with outstanding balances totaling $3,385,000 as of December 31, 2024. Quartz Intelligence Newsroom, Quartz, 3 Apr. 2025 See All Example Sentences for promissory note

Word History

First Known Use

1710, in the meaning defined above

Time Traveler
The first known use of promissory note was in 1710

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Cite this Entry

“Promissory note.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/promissory%20note. Accessed 19 Aug. 2025.

Legal Definition

promissory note

see note

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