straight note


A promissory note for a loan where payments of interest only are made at specific periods, with the principal balance due in one lump sum at the end of the loan term.

Use straight note in a sentence

You may want to give out a straight note so that the other party always knows what is expected of them.

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In order to discuss an account with any person, a straight note must be provided along with proper identification and a valid purpose to discuss.

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The straight note that Cecil had recommended to Johnson in order to allow him a very regulated way of dealing with his finances was a rather good idea.

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