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.

​ Was this Helpful? YES  NO 9 people found this helpful.

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.

​ Was this Helpful? YES  NO 6 people found this helpful.

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.

​ Was this Helpful? YES  NO 7 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
straight loan straight paper