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The meaning of PROMISSORY is containing or conveying a promise or assurance. How to use promissory in a sentence.

Feb 27, 2024 · What Is a Promissory Note? A promissory note is a written promise by one party (the note's issuer or maker) to pay another party (the note's payee) a definite sum of money, …

Promissory definition: containing or implying a promise.. See examples of PROMISSORY used in a sentence.

Sep 23, 2024 · Promissory notes may also be referred to as an IOU, a loan agreement, or just a note. It's a legal lending document that says the borrower promises to repay to the lender a …

A promissory note, sometimes referred to as a note payable, is a legal instrument (more particularly, a financing instrument and a debt instrument), in which one party (the maker or …

PROMISSORY definition: 1. relating to, containing, or similar to a promise: 2. relating to, containing, or similar to a…. Learn more.

Jan 6, 2025 · A promissory note is a legal document that illustrates a written promise between two parties—typically a borrower (the note’s “payee”) and a lender (the note’s “issuer” or …

2 meanings: 1. containing, relating to, or having the nature of a promise 2. insurance stipulating how the provisions of an.... Click for more definitions.

In legal terms, "promissory" refers to a commitment or promise to do something, usually related to paying money. It indicates that one party is agreeing to fulfill a financial obligation to another …

Jan 17, 2016 · A promissory note is a legally binding contract, the provisions of which usually spell out what acts, or failures to act, constitute a default. Failing to pay as agreed constitutes …