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PROMISSORY Definition & Meaning - Merriam-Webster
The meaning of PROMISSORY is containing or conveying a promise or assurance. How to use promissory in a sentence.
Promissory Note: What It Is, Different Types, and Pros and Cons
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, …
What Is a Promissory Note? Definition, Examples, and Uses
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 …
PROMISSORY Definition & Meaning | Dictionary.com
Promissory definition: containing or implying a promise.. See examples of PROMISSORY used in a sentence.
PROMISSORY | English meaning - Cambridge Dictionary
PROMISSORY definition: 1. relating to, containing, or similar to a promise: 2. relating to, containing, or similar to a…. Learn more.
Promissory Note - Definition, Examples, Cases, Processes
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 …
promissory - Meaning in law and legal documents, Examples and …
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 …
What is a Promissory Note? Types + Legal Checklist
May 27, 2025 · A promissory note is a written, legally binding financial promise where one party (the borrower) unconditionally agrees to repay a specific sum of money to another party (the …
What Is a Promissory Note? Examples and Uses - Fit Small …
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 …
promissory note | Wex | US Law | LII / Legal Information Institute
An unconditional promise to pay a certain amount of money to a named party or the holder of the note, or to deposit that money as such persons direct. A promissory note must be in writing …