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promissory note

Noun CEFR B2
ˈpɹɑmɪsɔɹiˌnoʊt

Definitions

A document saying that someone owes a specific amount of money to someone else, often with the deadline and interest fees; the primary purposes of a promissory note are to evidence the debt obligation incurred, and to establish terms for payment thereof.

Equivalents

21 more languages

Examples

Near-synonym: IOU

CEFR level

B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
See all B2 English words →

See also

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