L45.6 "I must confess, Richard, I am worried that the bank will no longer honour the princess's promissory note' Defn: A promissory note is a legal instrument (more particularly, a financial instrument), in which one party (the maker or issuer) promises in writing to pay a determinate sum of money to the other (the payee), either at a fixed or determinable future time or on demand of the payee, under specific terms, Wikipedia. This pic - Promissory Note written by Josiah Bartlett, 1772.
What is a Promissory Note? INTRODUCTION. this document introduces the basic legal requirements of promissory notes through case law and other legal commentaries. A Promissory note belongs to a class of contracts known as negotiable instruments, together with bills of exchange, cheques, & drafts. Each type of negotiable instrument has specific formalities which must be met in order to be valid.