单词 | promissory note |
释义 | promissory note promissory note promissory notes are one species of NEGOTIABLE INSTRUMENT. Section 83 of the Bills of Exchange Act 1882 refers to 'an unconditional promise in writing made by one person to another, signed by the maker, engaging to pay on demand or at a fixed or determinable future time, a sum certain in money, to or to the order314 property of a specified person or to a bearer.' A promissory note differs from a BILL OF EXCHANGE in that the maker stands in the place of both the drawer and the acceptor. |
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