promissory note

English dictionary entry

Meanings

noun
  1. A document saying that someone owes a specific amount of money to someone else, often with the deadline and interest fees; the primary purposes of a promissory note are to evidence the debt obligation incurred, and to establish terms for payment thereof.

Pronunciation

/ˈpɹɑmɪsɔɹiˌnoʊt/ LL-Q1860 (eng)-Neøn-promissory note.wav

Word forms

promissory note promissory notes

Synonyms

Related words

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