2
Law::
promissory note, note of hand; bill of exchange; promissory draft; bank paper : a bankable commercial paper (as drafts or bills accepted by a bank or notes good enough to be discounted at a bank); paper (long-term paper( (short-term paper( • commercial paper : short-term negotiable instruments (as bills of exchange, checks, and promissory notes) arising out of commercial transaction; esp : instruments constituting direct obligations of business firms that are sold through note brokers to banks, corporations and other investors seeking liquid investments; I O U : a paper that has on it the letters IOU, a stated sum and a signature and that is given as an acknowledgement of debt • note : a written promise to pay a debt
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