English Dictionary

Definition of “promissory note”

promissory note

(mainly US, business) a document, usually negotiable, containing a signed promise to pay a stated sum of money to a specified person at a designated date or on demand Also called: note, note of hand

I've got your money," Sharpe pushed the promissory note into his pocket, `so all you need is this.

Cornwell, Bernard Sharpe's Waterloo

Most of the $30 million owed to Hollinger International arises from a promissory note bearing interest at 14.25 per cent.

canada.com (2005)

The exchange trades foreign companies as American depository receipts, or ADRs, a kind of promissory note.

canada.com (2005)

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