Promissory Note

Views Updated: Dec 15, 2025

Key Facts

Abbreviation
PN
Pronunciation
/ˈprɑməˌsɔri noʊt/
Category
Business
Related Field
Banking

Examples in Context

  1. Promissory note delivered to the payee or bearer before the item should be missing and incomplete promissory notes.
  2. When you borrowed the money to buy your home, you signed a promissory note – an IOU.
  3. Buying something such as a car on credit and issuing promissory note creates a liability called notes payable.
  4. A promissory note is regarded as notes receivable for the payee and notes payable for the maker.
  5. Person who sign a promissory note for no fee, but who expect to lend the creditor money.

Other meanings of PN