Accounting Dictionary

Promissory Note

A promissory note is an obligation to pay money.

If ABC Company issued a promissory note for $5000, that means it agreed to pay $5000 in the future. A promissory note is a liability.

Related Terms:

Bond Liabilities

← Back to Accounting Dictionary


Sign Up to Learn More!

Join our mailing list today to get notified of new discount offers, course updates, Roger CPA Review news, and more!

Scroll to Top