Menu
Home
People
Places
Arts
History
Plants & Animals
Science
Life & Culture
Technology
Reference.org
Promissory note
open-in-new
<p>A promissory note, sometimes referred to as a note payable, is a <a href="/facts/Legal_instrument/SvqkPNcM">legal instrument</a> (more particularly, a financing instrument and a <a href="/facts/Debt/VDKsvv1q">debt</a> instrument), in which one party (the <i>maker</i> or <i>issuer</i>) promises in writing to pay a determinate sum of <a href="/facts/Money/3BYGU6C8">money</a> to the other (the <i>payee</i>), subject to any terms and conditions specified within the document. </p>