promissory note


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.

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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.

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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.

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