Definitions for promissory note
prom·is·so·ry note

Princeton's WordNetRate this definition:0.0 / 0 votes

1. note, promissory note, note of handnoun

   a promise to pay a specified amount on demand or at a certain time

   "I had to co-sign his note at the bank"

WiktionaryRate this definition:0.0 / 0 votes

1. promissory notenoun

   A document saying that someone owes a specific amount of money to someone else, often with the deadline and interest fees.

WikipediaRate this definition:0.0 / 0 votes

1. Promissory note

   A promissory note, sometimes referred to as a note payable, is a legal instrument (more particularly, a financing instrument and a debt instrument), in which one party (the maker or issuer) promises in writing to pay a determinate sum of money to the other (the payee), either at a fixed or determinable future time or on demand of the payee, under specific terms and conditions.

ChatGPTRate this definition:0.0 / 0 votes

1. promissory note

   A promissory note is a legal document or contract where one party promises in writing to pay a certain amount of money to another party at a specified date or on-demand. This document may include details such as interest rate, repayment schedule, and consequences of default. It serves as a form of loan agreement between borrowers and lenders.

WikidataRate this definition:5.0 / 1 vote

1. Promissory note

   A promissory note is a legal instrument, in which one party promises in writing to pay a determinate sum of money to the other, either at a fixed or determinable future time or on demand of the payee, under specific terms. If the promissory note is unconditional and readily salable, it is called a negotiable instrument. Referred to as a note payable in accounting, or commonly as just a "note", it is internationally defined by the Convention providing a uniform law for bills of exchange and promissory notes, although regional variations exist. Bank note is frequently referred to as a promissory note: a promissory note made by a bank and payable to bearer on demand. Mortgage notes are another prominent example.

Matched Categories

1. • Debt Instrument

How to pronounce promissory note?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say promissory note in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of promissory note in Chaldean Numerology is: 5

2. Pythagorean Numerology

   The numerical value of promissory note in Pythagorean Numerology is: 5

Examples of promissory note in a Sentence

1. Reverend King , Dr. Chavis:

   When the architects of our republic wrote the magnificent words of the Constitution and the Declaration of Independence, they were signing a promissory note to which every American was to fall heir, it is obvious today that America has defaulted on this promissory note insofar as her citizens of color are concerned.

2. Kay Lyons:

   Yesterday is a canceled check tomorrow is a promissory note today is the only cash you have -- so spend it wisely.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=promissory note
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Promissory_Note
3. ^ Wikipedia
   https://en.wikipedia.org/wiki/Promissory_Note
4. ^ ChatGPT
   https://chat.openai.com
5. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=promissory note