Definitions (2)

1. A short-term debt security, usually with a maturity of five years or less.
2. A legal document that obligates a borrower to repay a mortgage loan at a specified interest rate during a specified period of time or on demand; here also called promissory note.

Use note in a sentence

He was paying all of his payments on time, he didn't notice he had 15 more payments or 15 more months left on his note.

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The bank provided Larry with a note to remind him of his obligation to repay them in full for the money that he had borrowed.

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When our company needed money in the short term, it agreed to borrow money from the bank with a note that required the money to be paid back in a year.

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Municipal Securities Rulemaking Board extendible note