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What is a promissory note?

What is a promissory note? Here are some definitions.

Noun
  1. (finance) A document saying that someone owes a specific amount of money to someone else, often with the deadline and interest fees.
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The days when cash, a cheque or a promissory note were the only methods of payment have passed.
However, when you take a loan, the loan amount will be treated as an asset in the plan, as it will be replaced by your promissory note.
The promissory note is a convenient tool, an additional guarantee to the bona fide commercial relationship.
It was J. S. Woodsworth who cut a deal with King in a letter, a promissory note.
The plaintiff advanced money and was issued a promissory note signed by the accountant and an associate.
BankCo accepted the promissory note and agreed to change the terms of the loan, but at a higher rate of interest.

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