promissory


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promissory

adjective committed to payment, connisting of a guarantee, consisting of a pledge, containing a pledge, containing an assurance, guaranteed, on oath, on one's word, on one's word of honor, promising, promising to underwrite, under oath, vouched for
Associated concepts: promissory estoppel, promissory note
References in periodicals archive ?
The following examples illustrate the merits of issuing a promissory note for a nonparticipant spouse's community property share of a participant spouse's pension:
2043(b) should not apply to a promissory note exchanged for a community property interest in a participant's pension plan.
Because the trust is not treated as an entity separate from the grantor, the grantor does not recognize income on the interest payments on the promissory note received from the trust.
The husband, as trustee, would cause the GRATs to borrow the funds and execute promissory notes for each GRAT in favor of the donors.
Promissory notes were issued for the transactions between S2 and the taxpayer and between the taxpayer and S3.