How to pronounce“promissory”in English
money to get started and they don't have any ability to pay money back for quite some time so original financing there's usually a
promissory note there's usually a nominal interest usually people aren't in it for the interest so it doesn't tend to be real
large if it's a pure loan the interest tends to be much larger and it has a conversion feature which allows it to convert into the next round
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Definitions of “promissory”
Containing or consisting of a promise.
Stipulating the future actions required of the parties to an insurance policy or other business agreement.