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.
Promissory Note Basics. A promissory note is a written promise to pay money to someone. The document serves as written evidence of the amount of the debt and the terms under which it will be repaid, including the repayment schedule and interest rate (if any). To start, decide: 1  how much money you will lend. 2  the amount of interest you will charge, if any, and. 3  the type of repayment schedule.