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

As the program grew, MAF developed a technology platform on Salesforce.com that creates promissory notes and services loans. Arianne Cohen, Bloomberg.com, "This Nonprofit Leader Found a Simple Way to Encourage Immigrant Assimilation," 4 June 2018 Diane McIver’s attorney, Kenneth Rickert, testified about a promissory note, dated March 1, 2005, for a loan from his client to her husband for $755,000 plus interest. Christian Boone, ajc, "Tex McIver’s Putnam County ranch on auction block," 11 July 2018 But when the time came to finalize the transaction, Lang testified, Woewiyu showed up with only a $2.3 million promissory note signed by Taylor and several ministers in his shadow government. Jeremy Roebuck, Philly.com, "How a Delco man sought to use stolen U.S. military weapons to wage war in Liberia," 28 June 2018 The indictment alleged Powell illegally sold promissory notes and misappropriated investment funds received in exchange for the notes. Anna Beahm, AL.com, "Colbert County man jailed for exploiting elderly, securities fraud," 6 Apr. 2018 Remember that the money owed on federal student loan promissory notes is almost half of the financial assets held by the federal government. Danielle Douglas-gabriel, Washington Post, "Student loan servicing group sues D.C. over licensing and disclosure law," 20 Mar. 2018 The promissory note, oddly, called for the $40,000 to be repaid to FourWinds CEO Stan Bates rather than to the company. Patrick Danner, San Antonio Express-News, "Texas Ethics Commission fines Uresti," 16 Mar. 2018 Hollister already moved into the property as legal battle begins, paying $100,000 in cash and a $10 million promissory noteThe archdiocese filed a lawsuit against the restaurateur, seeking to void the deal. Rania Aniftos, Billboard, "A Timeline of Katy Perry's Legal Dispute Over a Los Feliz Convent," 14 Mar. 2018 Though they were offered promissory notes from the city authorities, the farmers thought such payment worthless. Nan Randall, The Atlantic, "'Charlottesville': A Government-Commissioned Story About Nuclear War," 25 Jan. 2018

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.

See More

First Known Use of promissory note

1710, in the meaning defined above

Keep scrolling for more

Learn More about promissory note

Share promissory note

Dictionary Entries near promissory note

promising

promissor

promissory

promissory note

promitosis

promitotic

promittor

Statistics for promissory note

Look-up Popularity

Time Traveler for promissory note

The first known use of promissory note was in 1710

See more words from the same year

Keep scrolling for more

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

Comments on promissory note

What made you want to look up promissory note? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

a nest or breeding place

Get Word of the Day daily email!

Test Your Vocabulary

Late Autumn 2018 Words of the Day Quiz

  • frosted-autumn-leaves
  • Which is a synonym of yahoo?
How Strong Is Your Vocabulary?

Test your vocabulary with our 10-question quiz!

TAKE THE QUIZ
SCRABBLE® Sprint

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!