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 The letter of credit eventually evolved into the bill of exchange, or promissory note, between banks, used for business transactions. Amanda Foreman, WSJ, 17 Mar. 2022 The remaining $150 million is a promissory note with the first payment due in three years. Ron Amadeo, Ars Technica, 31 Jan. 2022 Prosecutors entered into evidence a promissory note written that day by Avenatti for a $300,000 loan from Macias’ contact. Andrea Marks, Rolling Stone, 26 Jan. 2022 The same remains true today, as pro-life Americans labor to vindicate that promissory note for all people, born and unborn. Alexandra Desanctis, National Review, 17 Jan. 2022 If the student’s college signed their name to a loan promissory note without the student’s authorization, the student’s federal education loans may be eligible for a false certification discharge (Unauthorized Signature Discharge). Mark Kantrowitz, Forbes, 22 Oct. 2021 In 2016, Deripaska had used a company called A-Finance Ltd. to issue a promissory note for $200 million, according to records related to that transaction in the Pandora files. Washington Post, 4 Oct. 2021 In its report, Abacus noted that the promissory note’s value had already been downgraded substantially because Saffron had failed to secure any collateral or a guarantee of repayment from Deripaska. Washington Post, 4 Oct. 2021 Cuggino put down some money and issued a promissory note for the balance. William Baldwin, Forbes, 19 June 2021 See More

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.

First Known Use of promissory note

1710, in the meaning defined above

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Time Traveler for promissory note

Time Traveler

The first known use of promissory note was in 1710

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Dictionary Entries Near promissory note

promissory

promissory note

promitosis

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Statistics for promissory note

Last Updated

29 Mar 2022

Cite this Entry

“Promissory note.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/promissory%20note. Accessed 21 May. 2022.

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More Definitions for promissory note

promissory note

Legal Definition of promissory note

— see note

More from Merriam-Webster on promissory note

Thesaurus: All synonyms and antonyms for promissory note

Britannica.com: Encyclopedia article about promissory note

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