Juridical Dictionary

This dictionary contains:
8526
juridical terms

Promissory note






Promissory note

An unconditional, written and signed promise to pay a certain amount of money, on demand or at a certain defined date in the future. Contrary to a bill of exchange, a promissory note is not drawn on any third party holding the payor's money; it is a direct promise from the payor to the payee.

RELATED TERMS
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Unconditional
That which is without condition; that which must be performed without regard to what has happened or may happen.

Promise
Contracts. An engagement by which the promisor contracts towards another to perform or do something to the advantage of the latter.

Money
Gold, silver, and some other less precious metals, in the progress of civilization and commerce, have become the common standards of value; in order to avoid the delay and inconvenience of regulating their weight and quality whenever passed, the governments of the civilized world have caused them to be manufactured in certain portions, and marked with a Stamp which attests their value; this is called money.

Demand
Contracts. A claim; a legal obligation.

Date
Latin datum, a thing given. The primary signification is time "given" or specified, - in some way ascertained and fixed. In the ancient form the clause ran: datum apud, etc., specifying the place and time; thence called the datum clause, afterward shortened to "date".

Bill
1) Legislation. An instrument drawn or presented by a member or committee to a legislative body for its approbation and enactment. After it has gone through both houses and received the constitutional sanction of the chief magistrate, where such approbation is requisite, it becomes a law. 2) Merchant law. An account containing the items of goods sold, or of work done by one person against another. 3) Contracts. A bill or obligation, is a deed whereby the obligor acknowledges himself to owe unto the obligee a certain sum of money or some other thing, in which, besides the names of the parties, are to be considered the sum or thing due, the time, place, and manner of payment or delivery thereof. It may be indented, or poll, and with or without a penalty.

Note
Estates, convention, practice. The fourth part of a fine of lands: it is an abstract of the writ of covenant and concord, and is only a, doequet taken by the chirographer, from which he draws up the indenture. It is sometimes taken in the old books for the concord.

Party
Practice, contracts. When applied to practice, by party is understood either the plaintiff or defendant. In contracts, a party is one or more persons who engage to perform or receive the performance of some agreement.

Direct
Straight forward; not collateral.

Payor
The person who is making the payment(s). Again, in the context of family law, the word would typically refer to the person to a support or maintenance debtor. In commercial law, the word refers to the person who makes the payment on a check or bill of exchange.

Payee
The person in whose favor a bill of exchange is made payable.



SIMILAR TERMS
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Promatertera
Great maternal aunt; the sister of one's grandmother.

Promise
Contracts. An engagement by which the promisor contracts towards another to perform or do something to the advantage of the latter.

Promise of marriage
A contract mutually entered into by a man and a woman capable of contracting matrimony, that they will marry each other.

Promisee
A person to whom a promise has been made.

Promises
Evidence. When a defendant has been arrested, he is frequently in duced to make confessions in consequence of promises made to him, that if he will tell the truth, he will be either discharged or favored: in such a case evidence of the confession cannot be received, because being obtained by the flattery of hope, it comes in so questionable a shape, when it is to be considered evidence of guilt, that no credit ought to be given to it. This is the principle, but what amounts to a promise is not so easily defined.

Promisor
One who makes a promise.

Promisory note
Contracts. A written promise to pay a certain sum of money, at a future time, unconditionally.

Promissory estoppel
A promise which estops the promisee from asserting or taking certain action.

Promoters
In the English law, are those who in popular or penal actions prosecute in. their own names and the king's, having part of the fines and penalties.

Prompt payment discount
An incentive for early payment on a "Net Days" basis. For example, if company policy is to pay contractors on a "Net 90" basis, the company will pay within 30 days in return for a percentage discount, such as 2% of the total amount due.

Promulgation
The order given to cause a law to be executed, and to make it public it differs from publication.

Promutuum
civil law. A quasi contract, by which he who receives a certain sum of money, or a certain quantity of fungible things, which have been paid to him through mistake, contracts towards the payer the obligation of returning him as much.



PREVIOUS AND NEXT TERMS
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Promisee
A person to whom a promise has been made.

Promises
Evidence. When a defendant has been arrested, he is frequently in duced to make confessions in consequence of promises made to him, that if he will tell the truth, he will be either discharged or favored: in such a case evidence of the confession cannot be received, because being obtained by the flattery of hope, it comes in so questionable a shape, when it is to be considered evidence of guilt, that no credit ought to be given to it. This is the principle, but what amounts to a promise is not so easily defined.

Promisor
One who makes a promise.

Promisory note
Contracts. A written promise to pay a certain sum of money, at a future time, unconditionally.

Promissory estoppel
A promise which estops the promisee from asserting or taking certain action.

Promissory note

Promoters
In the English law, are those who in popular or penal actions prosecute in. their own names and the king's, having part of the fines and penalties.

Prompt payment discount
An incentive for early payment on a "Net Days" basis. For example, if company policy is to pay contractors on a "Net 90" basis, the company will pay within 30 days in return for a percentage discount, such as 2% of the total amount due.

Promulgation
The order given to cause a law to be executed, and to make it public it differs from publication.

Promutuum
civil law. A quasi contract, by which he who receives a certain sum of money, or a certain quantity of fungible things, which have been paid to him through mistake, contracts towards the payer the obligation of returning him as much.

Pronepos
Great Grandson.

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This dictionary contains 8526 terms.