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.
Mentioned in these definitions
Popular 'Accounting & Auditing' Terms
promissory note in the news
This content can be found on the following page:
http://www.businessdictionary.com/definition/promissory-note.html







