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

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

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 certain amount …

Jul 27, 2025 · Discover how promissory notes work, their types, benefits, and risks for both issuers and payees, ensuring you confidently navigate these financial instruments.

It's a formal, written contract where one party (the “maker” or borrower, like Sarah) makes an unconditional promise to pay a specific sum of money to another party (the “payee” or lender, like …

promissory, adj. meanings, etymology, pronunciation and more in the Oxford English Dictionary

A promissory note is a financial instrument that contains 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, either on demand or at a …

In summary, "promissory" is a term that signifies a commitment or guarantee in a legal context. It’s about making promises that have legal implications, ensuring that everyone involved understands their …

The buyer signed a promissory agreement to pay the balance within one year. Failure to meet the conditions of the promissory contract may lead to legal consequences.