Definitions for "Promissory Notes"
Keywords:  ious, demand, bearer, sum, conjunction
Formally written IOUs promising to repay at future date a borrowed amount, including the interest.
Negotiable documents promising to pay on demand, or after a fixed period, a specific sum of money to the person named or the bearer. All bank notes are promissory notes, in that they 'promise to pay the bearer on demand . . .'.
Statements of promise to pay, which are used in conjunction with loans.
Keywords:  commercial, paper, see
See Commercial Paper.