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promissory note

noun

: a written promise to pay at a fixed or determinable future time a sum of money to a specified individual or to bearer

Example Sentences

Recent Examples on the Web The most common example of when this will apply is if the decedent agreed to lend money under a promissory note or other loan arrangement and then actually satisfied the loan less than 18 months before the decedent’s date of death. Alan Gassman, Forbes, 11 Aug. 2022 The letter of credit eventually evolved into the bill of exchange, or promissory note, between banks, used for business transactions. Amanda Foreman, WSJ, 17 Mar. 2022 The remaining $150 million is a promissory note with the first payment due in three years. Ron Amadeo, Ars Technica, 31 Jan. 2022 Prosecutors entered into evidence a promissory note written that day by Avenatti for a $300,000 loan from Macias’ contact. Andrea Marks, Rolling Stone, 26 Jan. 2022 The same remains true today, as pro-life Americans labor to vindicate that promissory note for all people, born and unborn. Alexandra Desanctis, National Review, 17 Jan. 2022 If the student’s college signed their name to a loan promissory note without the student’s authorization, the student’s federal education loans may be eligible for a false certification discharge (Unauthorized Signature Discharge). Mark Kantrowitz, Forbes, 22 Oct. 2021 In 2016, Deripaska had used a company called A-Finance Ltd. to issue a promissory note for $200 million, according to records related to that transaction in the Pandora files. Washington Post, 4 Oct. 2021 In its report, Abacus noted that the promissory note’s value had already been downgraded substantially because Saffron had failed to secure any collateral or a guarantee of repayment from Deripaska. Washington Post, 4 Oct. 2021 See More

Word History

First Known Use

1710, in the meaning defined above

Time Traveler
The first known use of promissory note was in 1710

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