promise
Definition
Commitment given by one party (the promisor) to another (the promisee) to carry out or refrain from carrying a specified act or acts. Promises, however, are legally binding only when they are made in a contract or by a deed.
promise is in the Corporate, Commercial, & General Law subject.
promise appears in the definitions of the following terms:
loan,
bond covenant,
proposal,
responsibility,
portfolio planning matrix,
assumpsit,
good consideration,
acceptance letter of credit (L/C),
obligee,
credit
and
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