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 or Contract---Whatâs the Difference. Contracts: A contract requires two parties to agree to its terms. The parties must exchange âconsiderationâ (something of value) that binds both of them to perform a duty. Example: I pay you rent in exchange for you making an apartment available to me for living space.