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promissory note vs municipal note

municipal note vs promissory note

promissory note and municipal note both are nouns.

Word NounAdjectiveVerbAdverb
promissory note Yes No No No
municipal note Yes No No No
As nouns, municipal note is a hyponym of promissory note; that is, municipal 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
  • municipal note: a municipal debt instrument with a maturity of less than 2 years
Other hyponyms of promissory note include demand note, note receivable, note payable, IOU, time note.
promissory note (noun) municipal note (noun)
a promise to pay a specified amount on demand or at a certain time a municipal debt instrument with a maturity of less than 2 years
Difference between promissory note and municipal note

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