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" A promissory note is a written promise of one person, the maker, to pay to the order of another person, the payee, a certain sum of money, at a specified time and at a place designated in the note. "
Course of Study Monographs... - Page 36
by Denver Public Schools - 1924
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New Commercial Arithmetic

John Henry Moore - 1904 - 404 pages
...corporation, municipal or state government, or by the national government. It is conditioned to pay a certain sum of money at a specified time and at a fixed rate of interest, payable at regular intervals. Bonds of business corporations are usually secured...
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