promisorry
Promissory (adjective): 1. Relating to a promise: Containing or conveying a promise, especially in a formal or legal context. 2. Involving a pledge to pay: Specifically, in finance, referring to a written promise to pay a specified sum of money at a future date.
- (A formal written promise to repay money.)
- (A solemn promise to pay a debt or fulfill an obligation.)
- (A clause containing a promise.)
"Promissory note": A legal financial instrument where one party promises in writing to pay a definite sum of money to another party on demand or at a specified future date.
- She signed a promissory note for the car loan. (A written promise to pay for the vehicle.)
"Promissory estoppel": A legal doctrine that prevents a promisor from reneging on a promise if the promisee has relied on it to their detriment.
- The court applied promissory estoppel to enforce the oral promise. (The promise was legally binding due to reliance.)
Promise (noun/verb): a declaration or assurance that one will do something or that a particular thing will happen.
- He made a promise to help her move. (An assurance of future action.)
Promisor (noun): a person who makes a promise.
- The promisor agreed to pay the debt. (The person giving the promise.)
Promisee (noun): a person to whom a promise is made.
- The promisee accepted the terms of the agreement. (The person receiving the promise.)
- Binding: imposing an obligation or commitment.
- Contractual: relating to a formal agreement.
- Obligatory: required by a legal or moral duty.
"A promissory gesture": an action that implies a future commitment without formal wording.
- The handshake was a promissory gesture of their partnership. (A symbolic promise of cooperation.)
"To take someone at their promissory word": to trust someone based on their promise alone.
- She took him at his promissory word and lent him the money. (She trusted his verbal promise.)