French[edit] From Middle French, from Old French -al, a Borrowing from Latin -Älis. Cognate to French -el, which is also from Latin -Älis but inherited (not borrowed). -al. -al (of or pertaining to; adjectival suffix appended to various words, often nouns, to make an adjective form.
Promissory Note is a written promise made by one person to pay certain sum of money due to another person or any other legal holder of the document. whereas A cheque is an unconditional order, in writing adressed by a customer, with signature, to the bank requiring it to pay on demand a certain sum of money to the order of a specified person or to the bearer.
A promissory note is a contract between two parties. One party is obtaining a loan from the other, promising to repay the money within a designated period of time.For the loan, the lending party may receive interest on the amount owed until repayment of the loan.efine who the two parties are in the promissory note agreement and include contact information. The promisor, also known as an obligor, is the person getting the loan and promising to repay it under the contract terms.