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promissory note
[/ˈprɑː.mɪ.sər.i noʊt/]
noun
pl: promissory notes
nota promissória
1.
A written promise to pay a specified sum of money to a designated person or bearer at a fixed or determinable future date
The bank required a promissory note before approving the loan.
O banco exigiu uma nota promissória antes de aprovar o empréstimo.
2.
A financial instrument that serves as evidence of debt and is negotiable in nature
The promissory note was signed by both parties as a binding agreement.
A nota promissória foi assinada por ambas as partes como um acordo vinculativo.
Synonyms
note of hand
promissory instrument
negotiable note
IOU
Regional Variations
General Brazilian
nota promissória
Standard legal and commercial term used throughout Brazil
São Paulo
nota promissória
Widely used in commercial and financial transactions
Portugal
letra promissória
Common term in Portuguese financial law and banking
Related Idioms & Phrases
sign a promissory note
issue a promissory note
endorse a promissory note
mature promissory note
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