PROMISSORY NOTE Definition

Bookmark and Share

PROMISSORY NOTE, usually just called a note, is a NEGOTIABLE INSTRUMENT wherein the maker agrees to pay a specific sum at a definite time.

Learn new Accounting Terms

CAPITAL SURPLUS is an archaic term. See PREMIUM ON CAPITAL STOCK.

UNQUALIFIED OPINION is an independent auditors opinion that a companys financial statements comply with accepted accounting procedures. See QUALIFIED OPINION.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.