pro
mi
sso
ry
1
relating to a promise or commitment to fulfill an obligation or debt at a specified time in the future
- He signed a promissory note, agreeing to repay the loan within six months.
- The company issued promissory bonds to raise capital for its expansion project.
- She provided a promissory letter to assure the landlord that rent would be paid by the end of the month.
- The bank accepted his promissory IOU as collateral for the short-term loan.
- They drafted a promissory agreement outlining the terms of their partnership and the distribution of profits.