What Is a Promissory Note? Definition, Examples, and Uses

A promissory note is a legally binding IOU: a formal, written promise in which one party agrees to repay the money they borrowed from another party.

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Miles Almadrones

by Miles Almadrones

Miles is a legal writer and content marketing specialist with a background in operations management and logistics. He...

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Allison DeSantis, J.D.

Legally reviewed by Allison DeSantis, J.D.

Allison is the Director of Product Counsel at LegalZoom, advising and providing leadership to internal teams on the d...

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Updated on: September 23, 2024 · 9 min read


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This article is for informational purposes. This content is not legal advice, it is the expression of the author and has not been evaluated by LegalZoom for accuracy or changes in the law.

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