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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Loans the Fed made were less than the value of promissory notes presented as collateral. Edward Lotterman, Twin Cities, 31 Aug. 2025 In exchange, Terrell had signed a promissory note committing to pay her $60,000 by year-end. Peter Elkind, ProPublica, 27 Aug. 2025 People got back promissory notes — slips of paper with the dollar amount written in. Eleanor Pringle, Fortune, 17 Aug. 2025 His company, Sky Group, incurred a severe cash-flow problem and was unable to make interest payments on investors’ promissory notes. Jay Weaver, Miami Herald, 14 Aug. 2025 See All Example Sentences for promissory note

Word History

First Known Use

1710, in the meaning defined above

Time Traveler
The first known use of promissory note was in 1710

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Cite this Entry

“Promissory note.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/promissory%20note. Accessed 8 Sep. 2025.

Legal Definition

promissory note

see note

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