Meaning of “promissory note” in the English Dictionary

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(Definition of “promissory note” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"promissory note" in Business English

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promissory notenoun [ C ]

uk us abbreviation P-note, or P note FINANCE

a legal document that contains a promise to pay a stated amount of money to a stated person either on a fixed date or when the money is demanded:

Steiner signed a promissory note pledging to repay Williams $35,000 by Dec. 29, 2013.

(Definition of “promissory note” from the Cambridge Business English Dictionary © Cambridge University Press)

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