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
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However, the Tax Court disagreed, citing a signed promissory note, interest charged at the mid-term AFR, annual interest payments, and proper tax reporting, thereby upholding the transaction as a loan.
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Matthew F. Erskine, Forbes.com, 5 May 2025
Unpaid principal and interest on promissory notes executed by Cavileer in favor of Majestic is over $77.8 million as of Feb. 28, according to marketing materials for the upcoming auction.
—Kate Marijolovic, Fort Worth Star-Telegram, 28 Apr. 2025
Similarly, Intentionally Defective Grantor Trusts enable clients to sell assets to the trust in exchange for a promissory note, freezing asset value for estate tax purposes while transferring future appreciation out of the estate.
—Matthew F. Erskine, Forbes.com, 7 Apr. 2025
Similarly, Intentionally Defective Grantor Trusts enable clients to sell assets to the trust in exchange for a promissory note, freezing asset value for estate tax purposes while transferring future appreciation out of the estate.
—Matthew F. Erskine, Forbes.com, 7 Apr. 2025
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Matthew F. Erskine, Forbes.com, 5 May 2025
Unpaid principal and interest on promissory notes executed by Cavileer in favor of Majestic is over $77.8 million as of Feb. 28, according to marketing materials for the upcoming auction.
—Kate Marijolovic, Fort Worth Star-Telegram, 28 Apr. 2025
Similarly, Intentionally Defective Grantor Trusts enable clients to sell assets to the trust in exchange for a promissory note, freezing asset value for estate tax purposes while transferring future appreciation out of the estate.
—Matthew F. Erskine, Forbes.com, 7 Apr. 2025
Similarly, Intentionally Defective Grantor Trusts enable clients to sell assets to the trust in exchange for a promissory note, freezing asset value for estate tax purposes while transferring future appreciation out of the estate.
—Matthew F. Erskine, Forbes.com, 7 Apr. 2025
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 21 May. 2025.
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