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TV, FILM, PHILOSOPHY, POETRY, AND GENERAL OBSERVATIONS BY CHRISTOPHER SMITH

Week 7 Day 4

promissory note (n) - written promise to pay a debt at a designated date or on demand. From the Latin promissor (one who promises) and nota (mark or sign)



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2 Comments. [ Add A Comment ]
1. April 30th 2009 @ 22:05. katyzzz Says:
I thought these had gone out of fashion as they seem to have so many more sophisticated financing measures now.
2. May 1st 2009 @ 07:43. Kristin Wolgemuth Says:
I don't know that they have. We still use them a lot in the US for school loans and things like that. I don't know if they're used for much else, though.

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