promissory

American  

[prom-uh-sawr-ee, -sohr-ee] / ˈprɒm əˌsɔr i, -ˌsoʊr i /

adjective

1. containing or implying a promise.

2. of the nature of a promise.

3. Insurance. of or noting agreements or representations stipulating what is required to take place after the issuance of a policy.

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promissory British  

/ ˈprɒmɪsərɪ /

adjective

1. containing, relating to, or having the nature of a promise

2. insurance stipulating how the provisions of an insurance contract will be fulfilled after it has been signed

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Other Word Forms

• nonpromissory adjective
• promissorily adverb

Etymology

Origin of promissory

From the Medieval Latin word prōmissōrius, dating back to 1640–50. See promise, -tory ¹

Example Sentences

It’s called “promissory estoppel” and there is typically a three-year statutory limit to bring it to court.

From MarketWatch

The company said Wednesday that the Series F financing round includes $70 million in new capital and the conversion of $30 million in convertible promissory notes with accrued interest.

From The Wall Street Journal

Under what the lawsuit says was “immense pressure,” Kwatra signed a statement and a promissory note agreeing to repay the amount.

From The Wall Street Journal

In addition, AT Umbrella, which owns the operating subsidiaries, issued $350 million of promissory notes to the same insiders concurrent with the IPO, effectively another payout to them.

From The Wall Street Journal

Both Gary and his partner in the project, David Gentile, were sued in 2022 by investors who held promissory notes on Qello.

From The Wall Street Journal