adjective
definition
Containing or consisting of a promise.
definition
(of a contractual provision) Stipulating the future actions required of the parties to an insurance policy or other business agreement.
Examples of promissory in a Sentence
The Promissory Oaths Act 1868 rendered this unnecessary.
The breaking of such a promissory oath was called " perjury " (as in classical Latin and in Shakespeare), contrary to modern usage which confines the word to false evidence before a court of justice.
In the even newer model, tricky points of law, interpretation of contracts, promissory estoppel were pinged at the odd QS adjudicator.
Promissory notes and mortgages can also be sold to buyers through owner-financed agreements.
This time period is known as "tulip mania" because of the practice of buying promissory notes in exchange for bulbs.
Homes for sale where the seller is willing to finance the buyer means that beyond the down payment, the seller will carry the mortgage, promissory note, land contract or enter into a lease to purchase agreement.
A seller can offer to hold a promissory note or carry a mortgage on the purchase price of the home in a few ways.
Closing Costs - Unless the homeowner utilizes an escrow company to set up a mortgage or promissory note, there are usually little or no closing costs with owner-financed homes.
If you choose this route, make sure you read and understand all the contracts, loans, promissory notes, or leases you are signing.
Two years before the close of his term, with a promissory note for thirty dollars, he bought the remainder of his time from his master, and at the age of nineteen began to study law.
Regulations have also been promulgated with respect to promissory notes, which have long existed in Korea.
The constitution forbids the establishment or incorporation by the legislative assembly of any bank or banking company; and it forbids any bank or banking company in the state from issuing bills, checks, certificates, promissory notes or other paper to circulate as money.
For notes of hand or promissory notes see Negotiable Instru Ments and Bill Of Exchange, and for notes passing as currency see Banks And Banking, Bank-Note and Post.
But once the countess called her son and informed him that she had a promissory note from Anna Mikhaylovna for two thousand rubles, and asked him what he thought of doing with it.
As always happens in such cases rivalry sprang up as to which should get paid first, and those who like Mitenka held promissory notes given them as presents now became the most exacting of the creditors.
The financial treaties in which the Egyptian government were bound up prevented their ever paying so large a sum as this within five years; but a company was formed in London to advance periodically the sum due to the contractors, on receipt from the government of Egypt of promissory notes to pay sixty half-yearly instalments of £78,613, beginning on the 1st of July 1903.
Upon the bishop having satisfied himself of the sufficiency of the clerk, he proceeds to institute him to the spiritual office to which the benefice is annexed, but before such institution can take place, the clerk is required to make a declaration of assent to the Thirty-nine Articles of Religion and to the Book of Common Prayer according to a form prescribed in the Clerical Subscription Act 1865, to make a declaration against simony in accordance with that act, and to take and subscribe the oath of allegiance according to the form in the Promissory Oaths Act 1868.