promissory-note

promissory note

noun
1.
a written promise to pay a specified sum of money to a designated person or to his or her order, or to the bearer of the note, at a fixed time or on demand.
2.
a written promise to do or provide something, usually presented as a gift and claimable when or however the recipient chooses.

Origin:
1700–10

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
promissory note
 
n
chiefly (US) commerce note, Also called: note of hand a document, usually negotiable, containing a signed promise to pay a stated sum of money to a specified person at a designated date or on demand

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