promissory note
promissory note see note

Merriam-Webster’s Dictionary of Law. . 1996.

promissory note
index bond, draft, security (pledge)

Burton's Legal Thesaurus. . 2006


promissory note
n.
A document in which the maker promises to pay a certain sum of money on a specified date.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


promissory note
promissory notes are one species of negotiable instrument. Section 83 of the Bills of Exchange Act 1882 refers to 'an unconditional promise in writing made by one person to another, signed by the maker, engaging to pay on demand or at a fixed or determinable future time, a sum certain in money, to or to the order of a specified person or to a bearer.' A promissory note differs from a bill of exchange in that the maker stands in the place of both the drawer and the acceptor.

Collins dictionary of law. . 2001.


promissory note
A written promise by one party (called maker, obligor, payor, or promisor) to pay a specific amount of money (called principal) to another party (called payee, obligee, or promisee), which often includes a specified amount of interest on the unpaid principal amount and penalties for failure to pay according to its terms.
Category: Business, LLCs & Corporations

Nolo’s Plain-English Law Dictionary. . 2009.

promissory note
A written promise to pay. It is a form of debt similar to a loan that a company may issue to raise money.
USA
+ promissory note, Also known as a note.
An instrument containing an unconditional written promise by one party (the maker) to pay a definite sum of money to the other party (the payee) (or to his order, or to bearer) on specified terms. The promissory note can be payable on demand (a demand promissory note, which does not have a specified maturity date but is due on the payee's demand) or at a specified future date.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.


promissory note
=>> note.

Webster's New World Law Dictionary. . 2000.


promissory note
A written, signed, unconditional promise to pay a certain amount of money on demand at a specified time. A written promise to pay money that is often used as a means to borrow funds or take out a loan.

Dictionary from West's Encyclopedia of American Law. 2005.


promissory note
A written, signed, unconditional promise to pay a certain amount of money on demand at a specified time. A written promise to pay money that is often used as a means to borrow funds or take out a loan.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

promissory note
n.
   a written promise by a person (variously called maker, obligor, payor, promisor) to pay a specific amount of money (called "principal") to another (payee, obligee, promisee), usually to include a specified amount of interest on the unpaid principal amount (what he/she owes). The specified time of payment may be written as: a) whenever there is a demand, b) on a specific date, c) in installments with or without the interest included in each installment, d) installments with a final larger amount (balloon payment). A promissory note may contain other terms such as the right of the promisee to order payment be made to another person, penalties for late payments, a provision for attorney's fees and costs if there is a legal action to collect, the right to collect payment in full if the note is secured by real property and the property is sold ("due on sale" clause), and whether the note is secured by a mortgage or deed of trust or a financing statement (a filed security agreement for personal collateral called UCC-1). The promissory note is usually held by the party to whom the money is owed. There are legal limitations to the amount of interest which may be charged. Charging a rate in excess of the legal limit is called "usury," and this excess is legally uncollectible. When the amount due on the note, including interest and penalties (if any), is paid, the note must be cancelled and surrendered to the person(s) who signed it. A promissory note need only be signed and does not require an acknowledgement before a notary public to be valid.
   See also: interest, obligee, obligor, usury

Law dictionary. . 2013.

Synonyms:

Look at other dictionaries:

  • Promissory note — Promissory Prom is*so*ry, a. Containing a promise or binding declaration of something to be done or forborne. [1913 Webster] {Promissory note} (Law), a written promise to pay to some person named, and at a time specified therein, or on demand, or …   The Collaborative International Dictionary of English

  • Promissory note — (engl., spr. prommissĕrĭ nōt), im Gebiete des englischen Rechtes ein dem eignen (trocknen) Wechsel entsprechender Verpflichtungsschein …   Meyers Großes Konversations-Lexikon

  • promissory note — An unconditional, written, signed promise to pay a certain amount of money on demand or at a certain date defined in the future. (Dictionary of Canadian Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 …   Glossary of Bankruptcy

  • promissory note — ► NOUN ▪ a signed document containing a written promise to pay a stated sum …   English terms dictionary

  • promissory note — n. a written promise to pay a certain sum of money to a certain person or bearer on demand or on a specified date …   English World dictionary

  • Promissory note — A 1926 Promissory Note from the Imperial bank of India, Rangoon, Burma for 20,000 Rupees plus interest A promissory note is a negotiable instrument, wherein one party (the maker or issuer) makes an unconditional promise in writing to pay a… …   Wikipedia

  • Promissory note — Written promise to pay. The New York Times Financial Glossary * * * promissory note promissory note ➔ note1 * * *    A note that represents a promise by a borrower to repay a loan. Promissory notes are not classed as securities. Failure to pay a… …   Financial and business terms

  • promissory note — A written contract between a borrower/debtor and a lender/creditor in which the borrower agrees to repay a loan granted by the lender. The contract specifies the amount of the loan and the terms of repayment. American Banker Glossary Written… …   Financial and business terms

  • promissory note — [[t]prɒ̱mɪsəri noʊt, AM sɔːri[/t]] promissory notes N COUNT A promissory note is a written promise to pay a specific sum of money to a particular person. [mainly AM] ...a $36.4 million, five year promissory note …   English dictionary

  • promissory note — UK [ˈprɒmɪsərɪ ˌnəʊt] / US [ˈprɑmɪˌsərɪ ˌnoʊt] noun [countable] Word forms promissory note : singular promissory note plural promissory notes a document giving the details of your promise to pay someone a particular amount of money by a specific… …   English dictionary

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