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Promissory: meaning, definitions and examples

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promissory

 

[ prəˈmɪs.ə.ri ]

Adjective
Context #1 | Adjective

legal context

Promissory refers to a type of written agreement in which one party promises to pay a specified amount to another party at a defined time in the future. This term is often used in finance and law to describe documents that signify a promise to repay a loan or a debt. It indicates the intention to carry out a specific obligation.

Synonyms

binding, commitment, obligatory

Examples of usage

  • A promissory note is a common financial instrument.
  • He signed a promissory agreement for the loan.
  • The promissory document clearly outlines the repayment terms.

Translations

Translations of the word "promissory" in other languages:

🇵🇹 promissório

🇮🇳 प्रतिज्ञात्मक

🇩🇪 Schuldverschreibung

🇮🇩 promissori

🇺🇦 поручительський

🇵🇱 obligacyjny

🇯🇵 約束の

🇫🇷 promissory

🇪🇸 promisorio

🇹🇷 taahhütname

🇰🇷 약속의

🇸🇦 تعهد

🇨🇿 promisorní

🇸🇰 promisorný

🇨🇳 承诺的

🇸🇮 obljubni

🇮🇸 loforð

🇰🇿 уәде беруші

🇬🇪 პროცესის

🇦🇿 öhdəlik

🇲🇽 promisorio

Etymology

The term 'promissory' originates from Middle English, derived from the Latin word 'promissorius,' which means 'pertaining to a promise.' The Latin root is 'promittere', meaning 'to send forth' or 'to promise.' Historically, the use of promissory notes can be traced back to ancient civilizations, where promises of repayment were often recorded in writing to facilitate trade and borrowing. Over time, these written promises became formalized in legal contexts, leading to the modern understanding of promissory instruments in finance and law.

Word Frequency Rank

Ranked #10,174, this word falls into high-advanced vocabulary. It appears less frequently but is valuable for expressing precise meanings in specific contexts.