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 Delta paid $15 million for the beach lifestyle brand, plus promissory notes totaling $22 million and an additional payout if certain performance targets were met. Vicki M. Young, Sourcing Journal, 18 June 2024 Prosecutors alleged Sutherland wrote two promissory notes for $5 million each owed to the 2009 irrevocable trust, one to Sutherland himself; the other to Byzantine Holdings LLC, in which Sutherland was a partner. Christina Hall, Detroit Free Press, 7 June 2024 When the company presented a 2018 notarized promissory note signed by Lisa Marie, Keough again fired back, calling it a forgery. Jessica Schladebeck, New York Daily News, 22 May 2024 The amounts of the promissory notes were $1.2 million for Nunes, $4.9 million for Juhan, and $200,000 for Northwall. Amanda Gerut, Fortune, 15 Apr. 2024 See all Example Sentences for promissory note 

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'promissory note.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1710, in the meaning defined above

Time Traveler
The first known use of promissory note was in 1710

Dictionary Entries Near promissory note

Cite this Entry

“Promissory note.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/promissory%20note. Accessed 4 Jul. 2024.

Legal Definition

promissory note

see note

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