promissory note

Definition

A document signed by a borrower promising to repay a loan under agreed-upon terms. also called note.

Use promissory note in a sentence

I was not worried at all about getting paid back because there was a promissory note between us that guaranteed we would be okay.

​ Was this Helpful? YES  NO 26 out of 26 people found this helpful.

John was troubled by how much he owed the bank, however, his promissory note did away with any suspicion he had that he was paying too much.

​ Was this Helpful? YES  NO 25 out of 25 people found this helpful.

My brother had repeatedly borrowed money from me without repaying it, so when he asked for yet another loan I agreed to help him but only on the condition that he sign a legally-binding promissory note.

​ Was this Helpful? YES  NO 25 out of 25 people found this helpful.

Show more usage examples...

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
time note amortized note