Promissory Note: Definition and additional resources from BNET
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BNET Business Dictionary

Business Definition for: Promissory Note

  • a contract to pay money to a person or organization for a good or service received.
  • Abbr. PN

Wiktionary Definition for: Promissory Note

  • A document saying that someone owes a specific amount of money to someone else, often with the deadline and interest fees.

Additional Resources

Promissory Note And Statement Of Disclosure
This is a template of promissory note and statement of disclosure. The promissory note shows the full amount due, including the number of installments agreed upon, and when each payment is due. This is a commonly used form, and it contains of the standard provisions of a promissory note. The...
Tags: Finance, Operational Accounting, Note, FreeBusinessForms.com
Tools & templates 2007-12-01
Letter Of Default On Promissory Note
This template will be used to notify the maker of a promissory note of their default on an installment payment on a promissory note. Notice of default should be sent promptly to any account which falls behind in their payments on a note. It provides a legal basis for a...
Tags: Note, Operational Accounting, Finance
Tools & templates 2007-12-01
Promissory Note (Long Form)
This legal form is useful for individuals who are securing a loan or is buying a high-ticket property or vehicle. The promissory note shows the full amount due, including the number of installments agreed upon, and when each payment is due. This is a commonly used form, and it contains...
Tags: Finance, Operational Accounting, FreeBusinessForms.com, Note
Tools & templates 2007-12-01
Notice Of Default On Promissory Note
Prepare a Notice to default on promissory note with this easy-to-use template. The Notice of Default is given by the holder of a promissory note creditor to each endorser of a promissory note, to inform them that the maker of the note has defaulted in making payment and that the...
Tags: Note, FreeBusinessForms.com, Operational Accounting, Finance
Tools & templates 2007-12-01
Promissory Note
A promissory note, also referred to as a note payable in accounting, is a contract detailing the terms of a promise by one party the maker to pay a sum of money to the other the payee. The obligation may arise from the repayment of a loan or from another...
Tags: Note, Home Business Online, Operational Accounting, Financial Services, Finance
Tools & templates 2007-12-01
Unsecured Promissory Note
This paper contains a sample unsecured promissory note that can be customized to document a loan to you from a family member, friend, or other private party. The form is designed to help prove that you have established a formal debtor/creditor relationship and that the exchange of money is a...
Tags: Financial Planning, Entrepreneurship, Free Trade, Taxes, Office Depot Inc., Finance, Management
Tools & templates 2004-03-01
Sample Unsecured Promissory Note
The template contains a sample unsecured promissory note that can be customized to document a loan to you from a family member, friend, or other private party. The form is designed to help prove that you have established a formal debtor/creditor relationship and that the exchange of money is a...
Tags: Management, Finance, Financial Planning, Entrepreneurship, Free Trade, Taxes, Office Depot Inc.
Tools & templates 2004-03-01
The Mortgage
Before the great depression of the 1930s, most real estate loans were straight loans. Borrowers paid the interest in a lump sum at the end of each year. It is no surprise that many people lost their homes and farms through foreclosure during these hard times. Real estate financing changed...
Tags: Capital Structures, Finance, Real Estate, Mortgages, Acceleration Clause, Business Operations
White papers 2003-01-01
netGuru Inc. to Restate Prior Quarterly Results; Restatement Relates to Accounting Interpretation of Effect of Amendment to Promissory Note
YORBA LINDA, Calif. -- netGuru, Inc. (Nasdaq:NGRU) will restate its financial statements covering the interim periods included in the first nine months of fiscal 2005 due to its further interpretation of the accounting effects of an April 2004 modification to a promissory note.
Tags: accounting
Research articles 2005-04-07
NEON Systems Announces Closing of Sale of Scalable Software Promissory Notes
SUGAR LAND, Texas -- NEONR Systems, Inc. (Nasdaq:NEON), a leader in enterprise-class mainframe integration, today announced the company closed its previously announced sale of the $3.5 million guaranteed promissory note and the $6.0 million secured promissory note, each of which was issued to NEON by Scalable Software, Inc., to JMI...
Research articles 2004-06-18
Basic Promissory Note
This template is for Basic Promissory Note.
Tags: Microsoft Corp., Template
Tools & templates
Akorn in Default under Promissory Note to NeoPharm
LAKE FOREST, Ill. -- NeoPharm, Inc. (Nasdaq:NEOL) announced today that an event of default has occurred under Akorn, Inc.'s $3,250,000 Promissory Note to NeoPharm. NeoPharm had originally provided the financing to Akorn to help fund the completion of a manufacturing facility, a portion of the production of which would be...
Research articles 2004-10-06
Promissory Note With Equal Monthly Payments
This template is for Promissory Note With Equal Monthly Payments.
Tags: Finance, Operational Accounting, Microsoft Corp., Payment
Tools & templates
Patapsco Bancorp, Inc. and Bradford Bancorp, Inc. Announce Mutual Termination of Merger Agreement
DUNDALK, Maryland & BALTIMORE -- Patapsco Bancorp, Inc. (OTCBB:PATD) and Bradford Bancorp, Inc. announced today that they have mutually terminated the Agreement and Plan of Merger that the parties previously executed on March 19, 2007. Pursuant to the termination agreement, Bradford Mid-Tier Company has agreed to pay Patapsco Bancorp a...
Tags: merger, termination
Research articles 2008-01-03
BUCA, Inc. Announces Sale of Vinny T's of Boston to Bertucci's Corporation
MINNEAPOLIS -- BUCA, Inc. (Nasdaq:BUCA) announced the sale effective today of its 11 Vinny T's of Boston restaurants to Bertucci's Corporation, which operates 92 brick oven Italian restaurants in 11 states and the District of Columbia. The sale price was $6.8 million; of which $3.0 million was to be paid...
Tags: purchase price
Research articles 2006-09-25
Default On Promissory Note Installment
This template is used to warn the borrower that a payment has been missed and that the borrower is in default of the note.
Tags: Management, Entrepreneurship, Borrower, Entrepreneur.com Inc.
Tools & templates 2005-08-11
Tousa Inc.(HOLLYWOOD)
HOLLYWOOD -- Tousa Inc. won court approval to sell its interest in a $16.3-million promissory note for ... HOLLYWOOD -- Tousa Inc. won court approval to sell its interest in a $16.3-million promissory note for $13.5 million, giving it $13 million in net proceeds to allow...
Research articles 2008-05-01
SkyTerra Announces Receipt of $22.6 Million as Prepayment of Motient Note
NEW YORK -- SkyTerra Communications, Inc. (OTC: SKYT) today announced the receipt of approximately $22.6 million from the Motient Corporation as payment of all outstanding principal and accrued interest due under the promissory note issued to SkyTerra by a wholly-owned subsidiary of Motient on May 1, 2002 in connection with...
Research articles 2004-07-16
Metro Resources: C$48,000,000 Private Placement Agreed for Asia Pacific Resources with Olympus Capital Holdings Asia to Settle Promissory Note
VANCOUVER, BRITISH COLUMBIA--BUSINESS WIRE--June 22, 1998-- Metro Res.(VSE:MRL.) On June 1 and June 15, 1998, Asia Pacific Resources Ltd. ("APR" or the "Company") announced the acquisition and closing respectively of the 87.5 percent controlling interest in Metro Resources Ltd., for a consideration of C$45,542,500 by way of C$4,700,000 cash on...
Tags: Metro, Olympus Corp.
Research articles 1998-06-22
REX Stores' Interest in Millennium Ethanol, LLC to Be Acquired by U.S. BioEnergy Corporation
DAYTON, Ohio -- REX Stores Corporation (NYSE: RSC) today announced that pursuant to the May 31, 2007 announcement by U.S. BioEnergy Corporation (NASDAQ: USBE) of its proposed acquisition of Millennium Ethanol, LLC, of Marion, South Dakota, REX has entered into an agreement with U.S. BioEnergy Corporation and Millennium Ethanol for...
Tags: Millennium
Research articles 2007-06-01
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