Meaning of "Demand Promissory Note"

a signed document containing a written promise to pay a stated sum to a specified person or the bearer at a specified date or on demand.

promissory note

I will pay

n.
A negotiable promise in writing to pay a specific amount of money on demand or at a particular time.

promissory note

I will pay

n
(Banking and Finance) mainly trade US a document, usually negotiable, that contains a signed promise to pay a sum of money established to a specific person on a designated date or upon request. Also called: note or hand note

prom′issory note′

promising note '

n n.
a written promise to pay a specific sum of money at a specific time or on demand.
[1700-10]