Home > Personal > Personal Lending > Mortgage > Mortgage Resources > Glossary > Promissory Note Promissory Note November 9, 2021 A written promise to pay a specified sum to specified person over a specified period of time.You Might Also Like: Living QuartersSpring Maintenance Checklist for Your Home All Things CommunityHoli-days of Giving 2022 Everyday MoneyGiving Back During the Holiday Season Living QuartersYour Top Mortgage Questions Answered Living QuartersHow to Understand Mortgage Language