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promissory note
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promissory note


The promissory note is secured by an interest in the equipment, fixtures, inventory and accounts receivable of the business.
  a promise to pay a specified amount on demand or at a certain time
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promissory note promissory notes
Notes:
A promissory note is often just called a note.
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Samples:
  • The promissory note is secured by an interest in the equipment, fixtures, inventory and accounts receivable of the business.
  • It is an unsecured promissory note.
  • When the architects of our republic wrote the magnificent words of the Constitution and the Declaration of Independence, they were signing a promissory note to which every American was to fall heir.
    Martin Luther King, Jr.  --  I Have a Dream
  • But once the countess called her son and informed him that she had a promissory note from Anna Mikhaylovna for two thousand rubles, and asked him what he thought of doing with it.
    Leo Tolstoy  --  War and Peace

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  • These consisted of stock certificates, deeds of trust, and promissory notes.
    Louis Sachar  --  Holes
  • Across his loins is slung a pilgrim’s wallet from which protrude promissory notes and dishonoured bills.
    James Joyce  --  Ulysses
  • The books were imported; the library wag opened one day in the week for lending to the subscribers, on their promissory notes to pay double the value if not duly returned.
    Benjamin Franklin  --  The Autobiography of Benjamin Franklin
  • Then he recalled the scandal with a sharper, to whom he had lost money, and given a promissory note, and against whom he had himself lodged a complaint, asserting that he had cheated him.
    Leo Tolstoy  --  Anna Karenina
  • But at no time of my life,’ said Mr. Micawber, ’have I enjoyed a higher degree of satisfaction than in pouring my griefs (if I may describe difficulties, chiefly arising out of warrants of attorney and promissory notes at two and four months, by that word) into the bosom of my friend Copperfield.’
    Charles Dickens  --  David Copperfield
  • Thus the promissory note which he had signed with a tube of toothpaste on that afternoon two months ago was recalled, the yet oblivious executor of it sitting wrapped in a clean horse blanket, small, shapeless, immobile, on the seat of a light buggy jolting through the December twilight up a frozen and rutted lane.
    William Faulkner  --  Light in August

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  • For howsoever bad the devil can be in fustian or smock-frock (and he can be very bad in both), he is a more designing, callous, and intolerable devil when he sticks a pin in his shirt-front, calls himself a gentleman, backs a card or colour, plays a game or so of billiards, and knows a little about bills and promissory notes than in any other form he wears.
    Charles Dickens  --  Bleak House
  • …with the greatest spirit and kindness, had borrowed a sum of money from Lord Southdown and had coaxed her husband’s creditor (who was her shawl, velvet-gown, lace pocket-handkerchief, trinket, and gim-crack purveyor, indeed) to take a portion of the sum claimed and Rawdon’s promissory note for the remainder: so on both these occasions the capture and release had been conducted with the utmost gallantry on all sides, and Moss and the Colonel were therefore on the very best of terms.
    William Makepeace Thackeray  --  Vanity Fair
  • For having made up his mind irrevocably that he would pay Mrs. Glegg her loan of five hundred pounds, it naturally occurred to him that he had a promissory note for three hundred pounds lent to his brother-in-law Moss; and if the said brother-in-law could manage to pay in the money within a given time, it would go far to lessen the fallacious air of inconvenience which Mr. Tulliver’s spirited step might have worn in the eyes of weak people who require to know precisely how a thing is…
    George Eliot  --  The Mill on the Floss
  • Lee Harvey carries a promissory note from the U.S. embassy for $435.
    Bill O’Reilly and Martin Dugard  --  Killing Kennedy
  • The company made nothing and sold nothing: It existed to hold assets and provide a reference for anyone who became skeptical of Holmes’s promissory notes.
    Erik Larson  --  The Devil in the White City
  • But you can’t pay a promissory note which reads ’somewhere between one and one thousand pounds’ — and starting a war is much more serious than paying a trifle of money.
    Robert A. Heinlein  --  Starship Troopers
  • Promissory notes are /bills/.
    Henry L. Mencken  --  The American Language
  • It is obvious today that America has defaulted on this promissory note, insofar as her citizens of color are concerned.
    Martin Luther King, Jr.  --  I Have a Dream
  • He acquired high-grade furnishings from the Tobey Furniture Company, and crystal and ceramics from the French, Potter Crockery Company, and did so without paying a dime, though he recognized that soon the companies would attempt to collect on the promissory notes he had given them.
    Erik Larson  --  The Devil in the White City
  • As always happens in such cases rivalry sprang up as to which should get paid first, and those who like Mitenka held promissory notes given them as presents now became the most exacting of the creditors.
    Leo Tolstoy  --  War and Peace
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Associated words [difficulty]:   promissory note [8] , money order [5] , graveyard shift [7] , Information Technology (IT) [8] , loan shark [8] , on consignment [8] , petty cash [8] , fiscal year [9] , joint stock company [9] , negotiable instrument [9] , tax shelter [9] , trade association [9]
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Most commonly used in these subjects:   Law, Business, Personal Finance
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