A signed document containing a written promise to pay a stated sum to a specified person or the bearer at a specified date or on demand.
- A modern version of the promissory notes is the sterling commercial paper or certificate of deposit.
- The days when cash, a cheque or a promissory note were the only methods of payment have passed.
- So against my counsel, Sid signed a promissory note for the $50,000 and opened up a second store in a new city.
For editors and proofreaders
Syllabification: prom·is·so·ry note
Definition of promissory note in:
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.