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promissory note |
Also found in: Legal, Acronyms, Encyclopedia, Wikipedia, Hutchinson | 0.01 sec. |
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Promissory note Written pledge to pay.
promissory note A binding contract—promise—to pay a definite sum of money to someone upon specified terms and conditions. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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To raise funds for its operations, the Farmers' Cooperative of Arkansas and Oklahoma sold uncollateralized demand promissory notes to investors. A demand promissory note evidencing such receivables financing has been issued by SNCM and SNHC and such note is guaranteed by SNMHC. Under the terms of the debt settlement agreement, the creditors have entered into demand promissory notes with the Company, which are due December 31, 2005. |
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