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Definition of "promissory note" []

  • A written promise to pay or repay a specified sum of money at a stated time or on demand. Also called note of hand. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Use "promissory note" in a sentence
  • "The two lawyers stood at the bench Reece said softly, "Your honor, I have a best-evidence situation I'd like to move to introduce a copy of the promissory note in question.""
  • "As I would take a bankrupt's promissory note in lieu of told gold."
  • "Taylor had spent most of the day at Hubbard, White, poring over records of the New Amsterdam Bank v Hanover & Stiver case, trying to find a reference to anyone who might have shown unusual interest in the promissory note or who'd requested files on the deal when there didn't seem to be a reason for them to do so."