👉 Permissory is a term used in the context of legal and business transactions to describe the act or condition of being granted permission. It refers to the process by which an individual, entity, or organization receives certain rights or benefits based on their consent, agreement, or other form of permission. In legal terms, permissory acts are those that involve a transfer of property, rights, or obligations from one party to another, and they can be granted through various means such as the exchange of goods
