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promissory note vs demand note

demand note vs promissory note

promissory note and demand note both are nouns.

Word NounAdjectiveVerbAdverb
promissory note Yes No No No
demand note Yes No No No
As nouns, demand note is a hyponym of promissory note; that is, demand note is a word with a more specific, narrower meaning than promissory note:
  • promissory note: a promise to pay a specified amount on demand or at a certain time
  • demand note: a note payable on demand
Other hyponyms of promissory note include note receivable, note payable, municipal note, IOU, time note.
promissory note (noun) demand note (noun)
a promise to pay a specified amount on demand or at a certain time a note payable on demand
Difference between promissory note and demand note

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