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promissory note vs note receivable

note receivable vs promissory note

promissory note and note receivable both are nouns.

Word NounAdjectiveVerbAdverb
promissory note Yes No No No
note receivable Yes No No No
As nouns, note receivable is a hyponym of promissory note; that is, note receivable 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
  • note receivable: your right in a promissory note in which the maker promises to pay a certain amount of money at a certain time
Other hyponyms of promissory note include demand note, note payable, municipal note, IOU, time note.
promissory note (noun) note receivable (noun)
a promise to pay a specified amount on demand or at a certain time your right in a promissory note in which the maker promises to pay a certain amount of money at a certain time
Difference between promissory note and note receivable

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