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 ?
Prosecutors accused the woman of forging the promissory note and submitting it to the court.
A promissory note must include the following information according to Article 688 of Turkish Commercial Code: 1.
Arrow and Sadowsky argued, in part, that the promissory note was invalid because it was based on inflated appraisals that Superior Bank obtained.
"The promissory note is an important instrument in order to reduce Porsches' interest expenses.
Irish Finance Minister Michael Noonan said this was now the key issue guiding the "re-engineering" of 31 billion in promissory notes, IOUs given to Anglo to help pay off its debts as it is wound down over the next decade.
The promissory note terminated at closing represented a loan that was made by Novo Nordisk to the company in 2006 in the principal amount of USD7.5m with interest accruing at 5% per annum.
Under the terms of the agreement, the Company's $2 million promissory note with Dr.
His solicitors drew up a promissory note which he signed and which I have in my possession.
A common estate planning technique is for a client to contribute property to a limited partnership, and for the client then to sell the limited partnership interest he or she owns to a grantor trust (1) in exchange for a promissory note. This kind of planning is often referred to as an intrafamily installment sale.
But, the Laconia Citizen reported, on April 2, the developer agreed to a promissory note for $656,000 to balloon in three years with no interest.
In order to have the function of the commercial credit instruments, the promissory note and the bill of exchange should always be payable at term, as any other redeemable debenture.
The taxpayer executed an interest-bearing promissory note providing for the repayment of the cash advance in annual installments.