promissory note
English
Noun
promissory note (plural promissory notes)
- (finance) 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.
Synonyms
- note payable
Hypernyms
- negotiable instrument
Translations
document saying that someone owes a specific amount of money
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See also
- bill of exchange
- IOU