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.
To understand the differences between the three, it helps to know a few related terms. As the name suggests, a promissory note represents a promise to pay a certain amount to a payee. Payee refers to the party being paid. Maker is the legal term for the person who signs a promissory note. The person who writes the check for a bill of exchange or promissory note is the drawer, while the payer is the drawee.. If it comes from a bank, the bill of exchange gets called a bank draft.