promissory note

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Last week, 52% of the company was sold to media mogul Byron Allen for $120 million: $20 million in cash and the rest in the form of a promissory note due in five years.

From MarketWatch • May 20, 2026

The deal will be funded with $20 million in cash and a $100 million promissory note due five years from closing, which will accrue 5% in annual interest.

From The Wall Street Journal • May 11, 2026

That includes a $1.1 billion promissory note that appears to be connected with liabilities DCG assumed from Genesis after it was hit hard by the collapse of Singapore-based crypto hedge fund Three Arrows Capital.

From Reuters • Jan. 12, 2023

All they needed to do was have their case manager submit a promissory note committing to pay the rent.

From Los Angeles Times • Dec. 13, 2022

A promissory note issued by a bank or banking company, payable to bearer on demand. µ In the United States popularly called a bank bill.

From Webster's Unabridged Dictionary (2nd 100 Pages) by Webster, Noah