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promissory note

The correct spelling is promissory note.

How to pronounce promissory note

noun

Say it like: Pro-mis-sor-ee -not-e

The correct spelling is promissory note. 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 evide…

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Definition

noun

  1. 1.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.

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