promise of payment

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• Promise — Prom ise, v. t. [imp. & p. p. {Promised}; p. pr. & vb. n. {Promising}.] [1913 Webster] 1. To engage to do, give, make, or to refrain from doing, giving, or making, or the like; to covenant; to engage; as, to promise a visit; to promise a… …   The Collaborative International Dictionary of English

• promise — prom·ise n: a declaration or manifestation esp. in a contract of an intention to act or refrain from acting in a specified way that gives the party to whom it is made a right to expect its fulfillment aleatory promise: a promise (as to compensate …   Law dictionary

• payment — I (act of paying) noun acquittal, acquittance, amortization, amortizement, clearance, compensation, defrayal, defrayment, disbursement, discharge of a debt, expenditure, liquidation, outlay, quittance, receipt in full, reckoning, recompense,… …   Law dictionary

• Payment — Pay ment, n. [F. payment, paiement. See {Pay} to requite.] 1. The act of paying, or giving compensation; the discharge of a debt or an obligation. [1913 Webster] No man envieth the payment of a debt. Bacon. [1913 Webster] 2. That which is paid;… …   The Collaborative International Dictionary of English

• payment — The fulfilment of a promise, or the performance of an agreement. A discharge of an obligation or debt, and part payment, if accepted, is a discharge pro tanto. In a more restricted legal sense payment is the performance of a duty, promise, or… …   Black's law dictionary

• To promise one's self — Promise Prom ise, v. t. [imp. & p. p. {Promised}; p. pr. & vb. n. {Promising}.] [1913 Webster] 1. To engage to do, give, make, or to refrain from doing, giving, or making, or the like; to covenant; to engage; as, to promise a visit; to promise a… …   The Collaborative International Dictionary of English

• To suspend payment — Suspend Sus*pend , v. t. [imp. & p. p. {Suspended}; p. pr. & vb. n. {Suspending}.] [F. suspendre, or OF. souspendre (where the prefix is L. subtus below, from sub under), L. suspendere, suspensum; pref. sus (see {Sub }) + pendere to hang. See… …   The Collaborative International Dictionary of English

• scrip payment — Dividend or interest paid on the form of a temporary certificate (which is a scrip) which represents the company s promise to pay a cash dividend. This occurs when earnings are sufficient, but the issuer wishes to conserve cash holdings. Holders… …   Financial and business terms

• scrip payment — Dividend or interest paid on the form of a temporary certificate (which is a scrip) which represents the company s promise to pay a cash dividend. This occurs when earnings are sufficient, but the issuer wishes to conserve cash holdings. Holders… …   Euroclear glossary

• Promised — Promise Prom ise, v. t. [imp. & p. p. {Promised}; p. pr. & vb. n. {Promising}.] [1913 Webster] 1. To engage to do, give, make, or to refrain from doing, giving, or making, or the like; to covenant; to engage; as, to promise a visit; to promise a… …   The Collaborative International Dictionary of English

• Promised land — Promise Prom ise, v. t. [imp. & p. p. {Promised}; p. pr. & vb. n. {Promising}.] [1913 Webster] 1. To engage to do, give, make, or to refrain from doing, giving, or making, or the like; to covenant; to engage; as, to promise a visit; to promise a… …   The Collaborative International Dictionary of English