note loan

Definition

Use note loan in a sentence

Jackie was relieved when the loan officer told her that the note loan she was approved for didn't require any collateral.

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My brother wanted to borrow money from the bank to take a vacation and the bank agreed to give him an unsecured note loan to do it.

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While most mortgage loans are secured by collateral, the bank also issues some note loans that did not have any collateral securing it.

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note issuance facility note notice