promissory note

noun

: a written promise to pay at a fixed or determinable future time a sum of money to a specified individual or to bearer

Examples of promissory note in a Sentence

Recent Examples on the Web

Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.

Then in October distressed debt investors McCormick 101 and Beltway Capital of Maryland also announced an auction of the Greenbrier, to collect a remaining $20 million they were owed of a $140 million promissory note on which Justice had defaulted. —

Christopher Helman, Forbes, 10 Jan. 2025 The filing also details various financial agreements, including a working capital line of credit and promissory notes for single-family rental home construction. —

Quartz Bot, Quartz, 8 Jan. 2025 Recent developments include the issuance of promissory notes to Mast Hill Fund, L.P. and FirstFire Global Opportunities Fund, L.P., which have been repaid in full as of August 31, 2024. —

Quartz Bot, Quartz, 18 Dec. 2024 Instead, Johnson suggested Fleming sign a promissory note for the earnest money amount, $200,000, and still buy the house. —

Justin Wingerter, The Denver Post, 11 Dec. 2024 See all Example Sentences for promissory note

Word History

First Known Use

1710, in the meaning defined above

Time Traveler

The first known use of promissory note was in 1710

See more words from the same year

Cite this Entry

Style

“Promissory note.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/promissory%20note. Accessed 15 Jan. 2025.

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