containing, relating to, or having the nature of a promise
2. insurance
stipulating how the provisions of an insurance contract will be fulfilled after it has been signed
promissory in American English
(ˈprɑmɪˌsɔri)
adjective
containing a promise
Word origin
ML promissorius < L promissor, one who promises
promissory in Insurance
(prɒmɪsɔri)
adjective
(Insurance: General)
A promissory note or warranty states how the provisions of an insurance contract will be fulfilled after it has been signed.
The promissory warranty includes undertakings by the insured that something be done or omitted afterthe policy takes effect and during its continuance.
A promissory warranty describes a condition, fact, or circumstance to which the insured agreesto be held during the life of the contract.
A promissory note or warranty states how the provisions of an insurance contract will be fulfilledafter it has been signed.
Examples of 'promissory' in a sentence
promissory
The day Crowley would call in his promissory notes was inexorably approaching.