What is another word for promissory notes?

Pronunciation: [pɹˈɒmɪssəɹˌi nˈə͡ʊts] (IPA)

A promissory note is a document that includes a promise to pay a sum of money to a certain individual or entity within a specified period. Some synonyms for this financial instrument include IOUs, debt instruments, notes payable, bonds, bills of exchange, and convertible notes. IOUs are informal promissory notes that are not legally binding. Debt instruments and notes payable are similar to promissory notes, but they are used for larger sums of money and are often backed by collateral. Bonds are a type of promissory note issued by companies, governments, and other organizations. Bills of exchange are similar to promissory notes, but they involve three parties instead of two. Convertible notes are promissory notes that can be converted into equity.

What are the hypernyms for Promissory notes?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

Famous quotes with Promissory notes

  • God does not give us ready money. He issues promissory notes, and then pays them when faith presents them at the throne. Each one of us has a check-book.
    Theodore L. Cuyler
  • Over the years I have met people who have made a very human claim on me by making known their need to be loved. For a long time my response was instant and reflexive, born of the "oughts" I had absorbed: "Of course you need to be loved. Everyone does. And I love you." It took me a long time to understand that although everyone needs to be loved, I cannot be the source of that gift for everyone who asks me for it. There are some relationships in which I am capable of love and otters in which I am not. To pretend otherwise, to put out promissory notes I am unable to honor, is to damage my own integrity and that of the person in need, all in the name of love.
    Parker Palmer

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