U.S. Chamber of Commerce
U.S. Chamber of Commerce

Promissory note


A promissory note is a written agreement in which the maker promises to pay a creditor, or to the order of a creditor, the amount of a debt, usually with interest. Contract formalities should be followed to ensure the enforceability of the note. A promissory note may be a negotiable instrument if the requirements for such an instrument are present on the face of the note.

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