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Definitions

promissory note

NOUN
written promise to pay
Synonyms


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.

A dollar bill is really just a promissory note that is backed up by the federal government.

From Seattle Times

At the closing of the deal, the company will receive $450 million in cash and a promissory note for $150 million.

From Reuters

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.

From Fox News

In a motion to dismiss the complaint, Betancourt’s defense attorney Mark David Hunter argued that promissory notes are loans, not securities, such as stocks and bonds.

From Seattle Times

In exchange, airlines provided promissory notes agreeing to pay the government $14 billion.

From Washington Post