Mergers & Acquisitions

Resources: Glossary

Don’t be confused or intimidated by any terms or abbreviations in the M&A world. You’ll find answers here.

Promissory Note

Definition

A document signed by a purchaser of a business with a written promise to pay the balance of the purchase over an extended period of time.

See Also

Carryback, security agreement, seller financing, UCC.

Related Resources

Small Business Acquisition Financing

M&A Seller Financing: A Complete Guide