Library / English Dictionary

PROMISSORY NOTE

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

A promise to pay a specified amount on demand or at a certain time

Example:

I had to co-sign his note at the bank

Synonyms:

note; note of hand; promissory note

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("promissory note" is a kind of...):

certificate of indebtedness; debt instrument; obligation (a written promise to repay a debt)

Hyponyms (each of the following is a kind of "promissory note"):

demand note (a note payable on demand)

note receivable (your right in a promissory note in which the maker promises to pay a certain amount of money at a certain time)

note payable (a note promising to pay a certain amount of money at a certain time)

municipal note (a municipal debt instrument with a maturity of less than 2 years)

IOU (an informal debt instrument; representing 'I owe you')

time note (a note that specifies the time (or times) of repayment)

Credits