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Meaning of promissory note | Babel Free

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

Examples

“Near-synonym: IOU”

CEFR level

B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.

See also

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