promissory notes
Written payment pledges
Promissory notes are written promises to pay a specified sum to a particular person or bearer at a fixed time or on demand.
They're formal IOUs—legal instruments creating enforceable debt obligations.
Unlike checks, they don't route through banks; unlike contracts, they don't require consideration beyond the promise itself.
The startup issued promissory notes to early investors.
- IOUWritten debt acknowledgment
- dishonorLoss of respect
- creditRecognition or payment deferral
- transferabilityCapacity to move between
- maturity dateWhen debt must repay
endorsement · sign on the dotted line · legally binding · drawee · debt · payee · holder in due course · good faith · bonds · loans · protest · lender · debentures · instrument · maker · face value · bills · mortgages
- debtscredit card debt, car loan, student loan, loans, bank loan
- lendingloans, borrower, approval, lenders, bank loan
- securitiessecurities, shares, equities, bonds, stocks
- early bankingmoney changers, moneylenders, moneylending, money lending, loans
- financial instrumentscheck, bond fund, cheque, checks, government bond
- Business Contractspurchase agreements, loan agreements, partnership agreements, letters of intent, confidentiality agreements
promissory notescash
Ready spending funds
cash payment · cash on delivery · currency · legal tender · money in hand
promissory notescollateral
Security for debt
secured debt · secured loans · mortgage · liens · lien
promissory notesequity
Impartial treatment or ownership value
stock certificates · shares · common stock · receipts · proof of payment
note, promise, compromise, promised, promising, promises, compromising, compromised, unpromising