note

Definition 1

A short-term debt security, usually with a maturity of five years or less.

Definition 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.

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Related terms:

extendible note, Federal Reserve Note, mortgage note, revenue anticipation note, tax anticipation note, equity-linked note, anticipation note, balloon loan, Bank Note, bond and  


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