promissory note
noun
: a written promise to pay at a fixed or determinable future time a sum of money to a specified individual or to bearer
Examples of promissory note in a Sentence
Recent Examples on the Web
The loans were promissory notes issued to Cavileer by Roski on behalf of Majestic.
—
Kate Marijolovic, Fort Worth Star-Telegram, 24 May 2025
The basic mechanism involves the seller transferring the asset to a DST in exchange for a promissory note.
—Andre Pennington, Forbes.com, 21 May 2025
These arrangements typically begin with the seller executing an installment sale agreement with a third-party intermediary, receiving a promissory note.
—Andre Pennington, Forbes.com, 21 May 2025
However, the Tax Court disagreed, citing a signed promissory note, interest charged at the mid-term AFR, annual interest payments, and proper tax reporting, thereby upholding the transaction as a loan.
—Matthew F. Erskine, Forbes.com, 5 May 2025
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Kate Marijolovic, Fort Worth Star-Telegram, 24 May 2025
The basic mechanism involves the seller transferring the asset to a DST in exchange for a promissory note.
—Andre Pennington, Forbes.com, 21 May 2025
These arrangements typically begin with the seller executing an installment sale agreement with a third-party intermediary, receiving a promissory note.
—Andre Pennington, Forbes.com, 21 May 2025
However, the Tax Court disagreed, citing a signed promissory note, interest charged at the mid-term AFR, annual interest payments, and proper tax reporting, thereby upholding the transaction as a loan.
—Matthew F. Erskine, Forbes.com, 5 May 2025
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 6 Jun. 2025.
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