Promissory note

An unsecured note which unconditionally promises in writing to pay a certain sum of money to a person either on demand or at a future time.

Sometimes referred to more simply as 'notes'.

See also

• Aval
• Bill of exchange
• Commercial paper
• Euronote
• Forfaiting
• Holder in due course
• Lombard rate
• Monetisation
• Negotiable instrument
• Promise
• Security
• Payments and payment systems