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English definition of “promissory note”

promissory note

noun [C]     /ˈprɒm.ɪ.sər.iˌnəʊt/ US  /ˈprɑː.mɪ.sɔːr.iˌnoʊt/ specialized
a 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 demandedForms of money and methods of payment
(Definition of promissory note noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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