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 The Monday filing said that Trump Media has a number of outstanding promissory notes worth millions of dollars that are scheduled to come due within the next year. —

Drew Harwell, Washington Post, 14 Nov. 2023 The judge ultimately blocked SBF’s defense team from incorporating much of the testimony SBF delivered on Thursday, including whether FTX lawyers had signed off on financial promissory notes and terms of service, as Schwartz wrote on Friday. —

Jessica Mathews, Fortune, 30 Oct. 2023 The rightful inheritance that Purlie means to purloin by madcap deception is another promissory note whose power drives the action of the play. —

Vinson Cunningham, The New Yorker, 30 Sep. 2023 The indictment states that Cromar tried to stop the sale of his home by filing bogus documents, including a false promissory note; intimidating potential purchasers; and harassing IRS personnel by filing frivolous lawsuits against them. —

Scott D. Pierce, The Salt Lake Tribune, 7 Sep. 2023 Sometimes, Meyer and the others required clients to also sign promissory notes to establish the basis for their donations. —

Jay Adkisson, Forbes, 12 Aug. 2023 In some cases, the SEC alleges, Christiansen convinced people to sell their homes and invest the proceeds in the promissory notes. —

Jmanning, oregonlive, 30 June 2023 Alternatively, when the borrower repays the loan in whole, the NFT is automatically unlocked and returned to the borrower’s wallet upon which the promissory note token is burnt. —

Anthony Georgiades, Forbes, 7 Mar. 2023 Investigators said that an additional $2 million-plus was embezzled beyond the amount authorized in each promissory note, for a total of $7.7 million for one note and $7.6 million for the other. —

Christina Hall, Detroit Free Press, 6 June 2023 See More

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'promissory note.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1710, in the meaning defined above

Time Traveler

The first known use of promissory note was in 1710

See more words from the same year

Cite this Entry

Style

“Promissory note.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/promissory%20note. Accessed 8 Dec. 2023.

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