I examine a sixteenth-century development of the anti-realist propositional semantics which is based on the notion of ‘mode’. Pardo uses this notion to offer a personal interpretation of the Buridanian criticism of complexe significabilia. He develops a middle way between the reduction of the significate of propositions to particular things and the postulation of non-standard entities which are only complexly signifiable. The key to this middle way is Pardo's understanding of the notion of ‘mode’ as connoting a relation between individual things. He offers a new interpretation of the signification of syncategorematic terms, and a definition of ‘comparative’ notions, by which something is known ‘relatively’ with respect to some other thing. And a real relational correlate is postulated for these relational ways of knowing. Relations are thus used to grant a specific significate of propositions, without renouncing the strict Buridanian rejection of any extra-categorial complexe significabilia. The role of relations in Pardo's propositional semantics consists in allowing a new (intensional) understanding of the significate of propositions.