May 17 , 2016

Tampa School of Real Estate

Promissory Note

Definition:   a written promise to pay a certain sum of money to another at a future specified time

Pronunciation:   \ˈprä-mə-ˌsȯr-ē\\ˈnōt\

Used in a Sentence:   A broker must disclose to the seller if a prospective buyer’s offer is in the form of a promissory note.