promissory note
noun
: a written promise to pay at a fixed or determinable future time a sum of money to a specified individual or bearer
Examples of promissory note in a Sentence
Recent Examples on the Web
The promissory note, along with the mortgage that goes with it, is the document that says who owes the money to the bank.
—
Gary Singer, Sun Sentinel, 14 May 2026
The transaction will be financed with $20 million in cash and a $100 million promissory note due in five years and accruing interest at 5% annually.
—Christopher Palmeri, Bloomberg, 11 May 2026
The purchase price will be funded with $20 million in cash at closing and a $100 million promissory note due five years from closing, accruing interest at 5% annually.
—Jill Goldsmith, Deadline, 11 May 2026
The purchase price will be funded with $20 million in cash at closing and a $100 million promissory note due five years from closing (accruing interest at 5% annually).
—Todd Spangler, Variety, 11 May 2026
See All Example Sentences for promissory note
Examples are automatically compiled from online sources to
show current usage.
Read More
Opinions expressed in the examples do not represent those of Merriam-Webster or its editors.
Send us feedback.
Gary Singer, Sun Sentinel, 14 May 2026
The transaction will be financed with $20 million in cash and a $100 million promissory note due in five years and accruing interest at 5% annually.
—Christopher Palmeri, Bloomberg, 11 May 2026
The purchase price will be funded with $20 million in cash at closing and a $100 million promissory note due five years from closing, accruing interest at 5% annually.
—Jill Goldsmith, Deadline, 11 May 2026
The purchase price will be funded with $20 million in cash at closing and a $100 million promissory note due five years from closing (accruing interest at 5% annually).
—Todd Spangler, Variety, 11 May 2026
See All Example Sentences for promissory note
Cite this Entry
“Promissory note.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/promissory%20note. Accessed 20 May. 2026.
Copy CitationLove words? Need even more definitions?
Merriam-Webster unabridged
