promissory note

promissory note

An unconditional written promise, signed by the maker, to pay absolutely and in any event a certain sum of money either to, or to the order of, the bearer or a designated person.

¡ª Also termed note of hand. [Cases: Bills and Notes 28¨C53. C.J.S. Bills and Notes; Letters of Credit¡ì¡ì 2¨C5, 7¨C9, 11¨C16, 22¨C25, 75, 81, 121, 167, 231, 244¨C248, 263, 309.]


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Carl, Chinese legal translator, specializes in translating legal documents pertaining to complex business disputes.