Promissory
/prəˈmɪsəri/
Definitions
- (adj.) Relating to or containing a promise, especially in a legal or financial context.
The parties signed a promissory note to formalize the loan agreement.
Related terms
See also
Commentary
Often used to describe notes or instruments that embody a legal promise to pay.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.