promissory note
Definition
Written, signed, unconditional, and unsecured promise by one party (the maker or promisor) to another (the payee or promisee) that commits the maker to pay a specified sum on demand, or on a fixed or a determinable date. Promissory notes (such as bank or currency notes) are negotiable instruments.
promissory note is in the Accounting & Auditing and Banking, Commerce & Finance subjects.
promissory note appears in the definitions of the following terms:
commercial paper,
notice for non-acceptance,
face,
money market investment,
paper money,
endorsement,
bill of exchange (BOE),
mortgage note,
bank note,
financing instrument
and
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