promissory

adjective
prom·​is·​so·​ry | \ ˈprä-mə-ˌsȯr-ē How to pronounce promissory (audio) \

Definition of promissory

: containing or conveying a promise or assurance

Examples of promissory in a Sentence

Recent Examples on the Web Until then, Trump's company is on its own, paying staff, leases and other expenses from $36 million raised from sales of promissory notes last year and earlier this year. CBS News, 9 Sep. 2022 Beginning in 1988, Towers began selling more than $270 million worth of promissory notes, offering returns of up to 16 percent. Brian Murphy, Washington Post, 26 Aug. 2022 The maturity date for convertible promissory notes is often 18 or 24 months. Yec, Forbes, 25 Aug. 2022 The assets of the Trust included interests in various LLCs which held hundreds of millions of dollars of promissory notes and cash. Jay Adkisson, Forbes, 11 July 2022 Handler is suing for breach of contract and promissory estoppel. Charmaine Patterson, PEOPLE.com, 24 June 2022 The Bermuda fund invested in oil and gas royalties and other instruments through promissory notes. Mike Freeman, San Diego Union-Tribune, 27 May 2022 Soros also purchased two promissory notes worth about $100 million in Chinese EV maker Nio, said Gordon, who studied the government report Soros' fund filed. Jamie L. Lareau, Detroit Free Press, 19 May 2022 In addition, most of these students lack the necessary financial literacy to make informed decisions, though they are asked to sign complex promissory notes that could indebt them well into their adult lives. Jasmine Browley, Essence, 14 Feb. 2022 See More

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'promissory.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of promissory

15th century, in the meaning defined above

History and Etymology for promissory

Middle English promissorye, from Medieval Latin promissorius, from Latin promittere

Learn More About promissory

Time Traveler for promissory

Time Traveler

The first known use of promissory was in the 15th century

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Dictionary Entries Near promissory

promissor

promissory

promissory note

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Statistics for promissory

Last Updated

12 Sep 2022

Cite this Entry

“Promissory.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/promissory. Accessed 30 Sep. 2022.

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More Definitions for promissory

promissory

adjective
prom·​is·​so·​ry | \ ˈprä-mə-ˌsōr-ē How to pronounce promissory (audio) \

Legal Definition of promissory

: containing or conveying a promise or assurance promissory terms

More from Merriam-Webster on promissory

Nglish: Translation of promissory for Spanish Speakers

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