promissory note
nounDefinition of promissory note
: 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
In an earlier suit filed by the father in state court, a judge last year ordered Shkreli to pay him more than $420,000 covering the promissory note plus interest. — Washington Post, "Ex-drug company CEO Martin Shkreli sues former investor," 6 Sep. 2019 Beginning in 1988, Towers began selling more than $270 million worth of promissory notes, offering returns of 12 to 16 percent and marketing them largely to people of modest means, among them widows, retirees and people with disabilities. — Author: Marc Fisher, Jonathan O'connell, Anchorage Daily News, "For 30 years, prosecutors and victims tried to hold Jeffrey Epstein to account. At every turn, he slipped away.," 10 Aug. 2019 The scheme worked like this, according to prosecutors who later brought charges against Hoffenberg: Between 1988 and 1993, Towers raised more than $400 million by selling bonds and promissory notes to investors. — Brian Pascus, CBS News, "Jeffrey Epstein worked at financial firm that engaged in massive Ponzi scheme in 1980s and 1990s," 13 Aug. 2019 Bennett used promissory notes to raise millions from investors in her company, DJBennett.com, authorities said. — Michael Kunzelman, baltimoresun.com, "'I am so profoundly humiliated’: Maryland investment adviser gets 20-year sentence in fraud case," 1 Aug. 2019 Brookfield Square is requesting a monetary judgement against TJG for unpaid rent, the amount due on the promissory note and all other charges owed under its lease, as well as attorney fees and collection costs. — Karen Pilarski, Milwaukee Journal Sentinel, "Stir Crazy Fresh Asian Grill in Brookfield closed after eviction hearing," 9 July 2019 According to Barnum’s version of events, he was ruined by a perfidious business partner, who tricked him into endorsing half a million dollars’ worth of promissory notes. — Elizabeth Kolbert, The New Yorker, "What P. T. Barnum Understood About America," 29 July 2019 He was also ordered to write $10,000 promissory notes to four individuals listed in his mother’s will, pay nearly $30,000 in restitution, and turn over the remains of his 401(k) account to the person now acting as his mother’s fiduciary adviser. — Sarah Horner, Twin Cities, "St. Paul man sentenced to pay restitution, empty 401(k) after taking hundreds of thousands from ailing mother," 24 July 2019 Rudden recruited investors for his business and asked them to sign promissory notes guaranteeing they would be repaid on their investment, plus interest. — Noelle Phillips, The Denver Post, "Denver Ponzi scheme operator bilked investors out of $19 million through funeral payment business," 21 June 2019These example sentences are selected automatically from various online news sources to reflect current usage of the word 'promissory note.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
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