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Containing a promise or binding declaration of something to be done or forborne. Promissory note (Law), a written promise to pay to some person named, and at a time specified therein, or on demand, or at sight, a certain sum of money, absolutely and at all events; -- frequently called a note of hand. Kent. Byles. Story…

; maintaining. Arguments . . . assertory, not probatory. Jer. Taylor. An assertory, not a promissory, declaration. Bentham. A proposition is assertory, when it enounces what is known as actual. Sir W. Hamilton.

In America (and formerly in England), a promissory note of a bank payable to the bearer on demand, and used as currency; a bank note.

A promissory note issued by a bank or banking company, payable to bearer on demand.

eptances made and issued by an individual or firm. -- Bills receivable (pl.), the unpaid promissory notes or acceptances held by an individual or firm. McElrath. -- A true bill, a bill of indictment sanctioned by a grand jury.

l paper, negotiable paper given in due course of business. It includes bills of exchange, promissory notes, bank cheks, etc. -- Commercial traveler, an agent of a wholesale house who travels from town to town to solicit orders.

A brief written acknowledgment of a debt, not made payable to order, like a promissory note. Burrill.

exchequer. See under Chancellor. -- Exchequer bills or bonds (Eng.), bills of money, or promissory bills, issued from the exchequer by authority of Parliament; a species of paper currency emitted under the authority of the government, and bearing interest.

The payee of a bill of exchange or a promissory note, or the one who owns or holds it.

and as an acknowledgment of a debt, and taken as evidence thereof, but not amounting to a promissory note; a due bill. Wharton. Story.

The person who makes a promissory note.

ansferable by sale or delivery and indorsement, as bills of exchange, drafts, checks, and promissory notes.

A written or printed paper acknowledging a debt, and promising payment; as, a promissory note; a note of hand; a negotiable note.

In a promissory manner. Sir T. Browne.

bligation of redemtion; conditioned upon a promise of redemtion; payable; due; as, bonds, promissory notes, etc. , redeemabble in gold, or in current money, or four months after date.

ew.] [Obs.] Spenser. Value received, a phrase usually employed in a bill of exchange or a promissory note, to denote that a consideration has been given for it. Bouvier.