Latin: In the civil law. A promiser; properly the party who undertook to do a thing in answer to the interrogation of the other party, who was called the "stipulator." … [Read more...]
PROLETARIATE
The class of prole-tarii; the lowest stratum of the people of a country, consisting mainly of the waste of other classes, or of those fractions of the population who, by their isolation and their poverty, have no place in the established order of society. … [Read more...]
PROMISSORY
Containing or consisting of a promise; In the nature of a promise; stipulating or engaging for a future act or course of conduct. Promissory note. A promise or engagement, in writing, to pay a specified sum at a time therein limited, or on demand, or at sight, to a person therein named, or to his order, or bearer. Byles, Bills, 1, 4; Hall v. Farmer, 5 Denio (N. Y.) 484. A … [Read more...]
PROLETARITUS
Lat. In Roman law. A person of poor or mean condition; those among the common people whose fortunes were below a certain valuation; those who were so poor that they could not serve the state with money, but only with their children, (proles.) Calvin.; Vicat. … [Read more...]
PROMISSORY ESTOPPEL
If a promise is made by one party against another that the party will not enforce part of or the whole contract against another, if the relieved party relies upon the promise, the promising party cannot bring subsequent proceedings to enforce the contract, in whole or in part. See also estoppel. … [Read more...]