borrower's note

Definition

An unconditional declaration expressed in writing by a borrower to pay a sum of money to a specific party at a future date.

Use borrower's note in a sentence

You should try to make sure that you always keep track of your borrower's note for future reference when you need it.

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The borrower's note functioned effectively as an IOU considering the note was written in barely legible handwriting on a napkin.

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Kevin is suing Timmy, saying that the borrower's note he had written him declaring to repay he sum of money borrowed by him, at a future date, was not valid because he signed it while intoxicated.

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