LINK / CITE ADD TO WORD LIST. noun. The definition of a compromise is when two sides give up some demands to meet somewhere in the middle. An example of compromise is a teenager wanting to come home at midnight, while their parent wants them to come home at 10pm, they end up agreeing upon 11pm.
Promise. A promise is a commitment by someone to do or not do something. As a noun promise means a declaration assuring that one will or will not do something. As a verb it means to commit oneself by a promise to do or give. It can also mean a capacity for good, similar to a value that is to be realized in the near future.
On the other hand, courts have also been prepared to enforce modified promises not only on the ground that there is actually consideration in the modified promise because the promisor has promised to do substantially more in the modified promise (4) but also on the alternative grounds that there may be consideration in a forbearance to sue to enforce the original promise once the promisor has asked for a modification on the threat of potential breach of contract; or in detrimental reliance ...