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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...] about PROMISSORY

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...] about PROLETARITUS

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...] about PROMISSORY ESTOPPEL

civil law. One who has no property to be taxed; and paid a tax only on account of his children, proles; a person of mean or common extraction. The word has become Frenchified, proletaire signifying one of the common people. … [Read more...] about PROLETARIUS

contracts. A written promise to pay a certain sum of money, at a future time, unconditionally. A promissory note differs from a mere acknowledgment of debt, without any promise to pay, as when the debtor gives his creditor an I O U. In its form it usually contains a promise to pay, at a time therein expressed, a sum of money to a certain person therein named, or to his order, … [Read more...] about PROMISSORY NOTE