promissory note

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Promissory note

Written pledge to pay.

Promissory Note

A written promise made by one party to make a stated payment in full by a certain date. A promissory note is a binding, legal contract.

promissory note

See note.

promissory note

A binding contract—promise—to pay a definite sum of money to someone upon specified terms and conditions.

References in periodicals archive ?
The lender then takes the promissory note to a collection office, initiates legal actions against the borrower and obtains a judgment-payment order against the borrower to collect the sum stipulated in the promissory note, this time, with interest.
The issue of a promissory note by the importer or the acceptance of a Bill of exchange by the exporter are means of accomplishing personal guarantee.
The date on which the promissory note is executed should be written in the note.
A more secure e-signature approach is one used by Sallie Mae to enable borrowers to sign promissory notes online.
If an obligor fails to make full payment on the promissory note payment date and this failure continues for 30 days, the servicer will draw on the Eximbank guaranty.
The proceeds of each loan were distributed by check; each loan had a 7% annual interest rate, evidenced by a promissory note due 375 days after demand.
5 million unsecured promissory note bearing interest at prime rate plus one-half percent would mature later this month.
Emalfarb, Dyadic's Chief Executive Officer, President and Chairman, received 251,298 shares of common stock upon the conversion in full of its convertible promissory note which had combined principal and accrued interest of $836,824.
2053(c), a plan participant can give a promissory note to his nonparticipant spouse in exchange for a waiver of community property rights in the former's pension plan.
The trust was formed for the sole purpose of acquiring promissory notes of certain obligors and issuing certificates of beneficial interest in the trust.
AMEX:AKN) today announced the conversion of two convertible promissory notes with an aggregate principal balance of $5.
In an attempt to retain appreciating property in the GRAT for eventual transfer to the remaindermen, some practitioners have used promissory notes issued by the GRAT to pay the annuity amount (or part thereof).