Negotiable Instruments Act Section 4 — “Promissory note.”
CHAPTER II OF NOTES, BILLSAND CHEQUES
General
Summary
A promissory note is a written document where the person making it promises, without any conditions, to pay a specific amount of money to a particular person, to that person’s order, or to whoever holds the note. It must be signed by the maker, and it does not include bank notes or currency notes.
Official Text
A “Promissory note” is an instrument in writing (not being a bank-note or a 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 of the instrument.