promissory

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promissory

A promissory note is signed to formalize a loan agreement.

Definition
  1. Adjective:
    • Relating to or containing a promise: Describes something that involves, expresses, or constitutes a formal pledge or assurance to do something.
    • Having the nature of a promise: Characterized by being a binding declaration that something will or will not be done.
Usage Examples
  • Adjective:
    • His words were promissory, guaranteeing future support for the project.
    • The promissory tone of the agreement made both parties confident in the outcome.
Advanced Usage
  • In legal and financial contexts: The term is most commonly used to describe formal, written instruments that contain a binding pledge, most notably a "promissory note."
    • The contract included several promissory clauses that outlined the company's commitments.
Variants and Related Words
  • Promise (n/v): The declaration or assurance itself, or the act of making one.
    • He made a promise to return.
  • Promissory Note (n): A signed document containing a written promise to pay a stated sum to a specified person or the bearer at a specified date or on demand.
    • He signed a promissory note for the loan.
Synonyms
  • Pledging: Engaging or binding by a promise.
  • Assuring: Informing positively to give confidence.
  • Vowing: Solemnly promising.
Related Phrases
  • Promissory estoppel: A legal principle that a promise is enforceable by law when a promisor has made a promise to a promisee who then relies on that promise to their subsequent detriment.
    • The court applied the doctrine of promissory estoppel in the case.
promissory

A promissory note is signed to formalize a loan agreement.

Adjective
  1. relating to or having the character of a promise
    • promissory note