Since the 18th century, parol has been pretty much confined to oral contracts and the realm of law. No longer is anyone likely to refer to the "sweet parols" of a paramour, as in one 16th-century work. Parol brings to mind that other legal word, parole. Both words lack any connection with law in their original form. They come from Latin parabola, which means "parable" or "speech." The Latin, in turn, is from Greek parabole, meaning "comparison." The French created two words (which we then borrowed) from parabola: parol, meaning "spoken words," and parole, for "word of honor." Originally, a parole was a prisoner of war's promise to fulfill certain conditions on consideration of his release.
Word History
Etymology
borrowed from Middle French parole "speech, expression in words, word, promise" — more at parole entry 1
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