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: A written promise made and signed by a borrower that it will repay loan money it received. Also called a ânote.â Secured Promissory Note: A note in which the borrowerâs promise to pay a certain amount is backed up by certain specified property (called âcollateralâ). If the borrower does not repay, the lender can take the collateral. A lender is more protected under a secured note than under an unsecured note.