Promissory for Dummies
pronunciation: 'prɑmɪsəriWhat does Promissory really mean?
Promissory is a rather fancy-sounding word, but fear not, my friend! I'm here to break it down and make it totally understandable for you. So, let's dive in!
When we talk about something being promissory, we're talking about a promise. You know what a promise is, right? It's when someone tells you they're going to do something or give you something, and you trust them to follow through on their word. For example, imagine your friend promises to share their yummy lunch with you tomorrow. They give you their word that you'll get a taste of that deliciousness. Well, that's basically what promissory means, in a nutshell!
Now, let's go a little deeper. Promissory not only refers to just any old promise, but it specifically relates to a promise that involves money or repayment. You know how sometimes grown-ups borrow money from a bank to buy a house or a car? When they borrow that money, they make a legal promise to the bank that they will pay back the money in regular installments over a certain period of time, right? Well, in this case, we use the word promissory to describe that promise of repayment.
So, think of it like this - when someone says "promissory," they're talking about a kind of promise that has to do with money. It's like a special type of promise where someone agrees to give money back to someone else over a period of time. Just like how your friend agrees to share their lunch, but in this case, it's about money and borrowing.
I hope that makes sense, and that you've got a better grasp on what "promissory" means now. Remember, it's all about making and keeping promises, especially ones involving money!
When we talk about something being promissory, we're talking about a promise. You know what a promise is, right? It's when someone tells you they're going to do something or give you something, and you trust them to follow through on their word. For example, imagine your friend promises to share their yummy lunch with you tomorrow. They give you their word that you'll get a taste of that deliciousness. Well, that's basically what promissory means, in a nutshell!
Now, let's go a little deeper. Promissory not only refers to just any old promise, but it specifically relates to a promise that involves money or repayment. You know how sometimes grown-ups borrow money from a bank to buy a house or a car? When they borrow that money, they make a legal promise to the bank that they will pay back the money in regular installments over a certain period of time, right? Well, in this case, we use the word promissory to describe that promise of repayment.
So, think of it like this - when someone says "promissory," they're talking about a kind of promise that has to do with money. It's like a special type of promise where someone agrees to give money back to someone else over a period of time. Just like how your friend agrees to share their lunch, but in this case, it's about money and borrowing.
I hope that makes sense, and that you've got a better grasp on what "promissory" means now. Remember, it's all about making and keeping promises, especially ones involving money!
Revised and Fact checked by James Brown on 2023-10-28 16:45:42
Promissory In a sentece
Learn how to use Promissory inside a sentece
- You give your friend a promissory note, which is a piece of paper that says you owe them $10. They can show this paper to remind you to pay them back.
- When you borrow a toy from your classmate and promise to give it back tomorrow, it is like a promissory agreement between you and your friend.
- Your dad writes a promissory letter to your teacher, promising to pay for the field trip fees by next week.
- When you buy a piece of candy from the store without having money with you, the storekeeper might let you take it and give them a promissory promise to pay the money later.
- If your sibling lends you their bicycle for a week with a promise to take care of it, you can say it was a promissory arrangement between you and your sibling.
Promissory Pertains To
Words to which the original word is relevant