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promissory note

   Also found in: Dictionary/thesaurus, Legal, Financial, Acronyms, Encyclopedia, Wikipedia 0.21 sec.

promissory note

Written promise to pay on demand, or at a fixed future time, a specific sum of money to a named person or bearer. Like a cheque, it is negotiable if endorsed by the payee. A commercial paper is a form of promissory note that can be bought and sold. These forms of payment are usually issued by large corporations at times when credit is otherwise difficult to obtain. It is often those who are inferior credit risks who are asked to sign promissory notes.



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? Mentioned in ? References in classic literature
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THE People being dissatisfied with a Democratic Legislature, which stole no more than they had, elected a Republican one, which not only stole all they had but exacted a promissory note for the balance due, secured by a mortgage upon their hope of death.
Fables by Aesop View in context
Glegg her loan of five hundred pounds, it naturally occurred to him that he had a promissory note for three hundred pounds lent to his brother-in-law Moss; and if the said brother-in-law could manage to pay in the money within a given time, it would go far to lessen the fallacious air of inconvenience which Mr.
The Mill on the Floss by Eliot, George View in context
No,' said Fledgeby; 'provided you have brought my promissory note in your pocket, and now hand it over.
Our Mutual Friend by Dickens, Charles View in context
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