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<h1>Promissory note: written instrument with an unconditional undertaking to pay to order or bearer; conditional instruments excluded.</h1> A promissory note is an instrument in writing (not a bank-note or currency-note) containing an unconditional undertaking, signed by the maker, to pay a certain sum of money only to, or to the order of, a certain person, or to the bearer. Simple promises to pay and acknowledgments of debt payable on demand qualify; IOUs, conditional promises, obligations with deductions, contingent payments, and combined payment-and-delivery instruments do not qualify.