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 social media company lost $10.6 million from its operations in the first nine months of 2023 after losing $23.2 million in 2022, and has been funding itself by borrowing $40.7 million through convertible promissory notes that can be paid back in stock.
—
Helen Coster and Svea Herbst-Bayliss, USA TODAY, 22 Mar. 2024
Prosecutors said in the release that Liao suffered losses from trading cryptocurrency and tricked Zhang into signing a promissory note ordering him to pay nearly $800,000.
—Nicole Acosta, Peoplemag, 19 Mar. 2024
The biotech has historically funded its operations by issuing convertible promissory notes, private placements of its stock, the license agreement with J&J and a bank loan.
—Natallie Rocha, San Diego Union-Tribune, 18 Mar. 2024
Steven Allen, 42, of Detroit, was arraigned Monday on four felony charges — embezzlement, using a computer to commit a crime, forgery of bank bills/promissory notes and stealing or retaining without consent a financial transaction device, according to a news release Tuesday.
—Christina Hall, Detroit Free Press, 24 Jan. 2024
The Securities Division said the promissory notes Grubbs allegedly sold offered investors a 12% interest rate that compounded monthly and a provision to pay funders an 18% penalty in case of default.
—Alexandria Burris, The Indianapolis Star, 19 Jan. 2024
Peterson executed the loan agreement with DVS on Oct. 27, 2016, and agreed to pay it back in full by March 2017 – a loan that was secured by his NFL contract, according to the promissory note filed in court.
—USA TODAY, 23 Feb. 2024
Unlike bonds, promissory notes, stocks and certificates of deposit, hard assets hold their own value and are not someone else’s liability.
—Zain Jaffer, Forbes, 20 Feb. 2024
In January, the Indiana Secretary of State securities division sent Grubbs a cease and desist warning to stop issuing promissory notes.
—Alexandria Burris, The Indianapolis Star, 5 Feb. 2024
Helen Coster and Svea Herbst-Bayliss, USA TODAY, 22 Mar. 2024
Prosecutors said in the release that Liao suffered losses from trading cryptocurrency and tricked Zhang into signing a promissory note ordering him to pay nearly $800,000.
—Nicole Acosta, Peoplemag, 19 Mar. 2024
The biotech has historically funded its operations by issuing convertible promissory notes, private placements of its stock, the license agreement with J&J and a bank loan.
—Natallie Rocha, San Diego Union-Tribune, 18 Mar. 2024
Steven Allen, 42, of Detroit, was arraigned Monday on four felony charges — embezzlement, using a computer to commit a crime, forgery of bank bills/promissory notes and stealing or retaining without consent a financial transaction device, according to a news release Tuesday.
—Christina Hall, Detroit Free Press, 24 Jan. 2024
The Securities Division said the promissory notes Grubbs allegedly sold offered investors a 12% interest rate that compounded monthly and a provision to pay funders an 18% penalty in case of default.
—Alexandria Burris, The Indianapolis Star, 19 Jan. 2024
Peterson executed the loan agreement with DVS on Oct. 27, 2016, and agreed to pay it back in full by March 2017 – a loan that was secured by his NFL contract, according to the promissory note filed in court.
—USA TODAY, 23 Feb. 2024
Unlike bonds, promissory notes, stocks and certificates of deposit, hard assets hold their own value and are not someone else’s liability.
—Zain Jaffer, Forbes, 20 Feb. 2024
In January, the Indiana Secretary of State securities division sent Grubbs a cease and desist warning to stop issuing promissory notes.
—Alexandria Burris, The Indianapolis Star, 5 Feb. 2024
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.
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Cite this Entry
“Promissory note.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/promissory%20note. Accessed 18 Apr. 2024.
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