Note

Definition

  • A legal acknowledgement of a debt and the promise to pay it back. The note details the loan amount, interest rate, and loan term.

Synonyms
note payable, promissory note

Related Terms and Acronyms

  • Certificate of Sale Definition,
    • An affidavit issued at a judicial or tax sale that entitles the buyer to the deed to the property purchased after court confirmation.
  • Commercial Paper (CP) Acronym,
    • Unsecured notes issued by companies that mature within nine months. Generally, commercial paper is issued only by the larger and more credit worthy companies.
  • Contract Definition,
    • An agreement between two or more parties that can be enforced by law.
  • Contract For Deed (CFD) Acronym,
    • An agreement for sale of property in which the buyer takes possession while making payments, but the seller holds title until full payment is made. Also called a land contract.
  • Foreign Currency (FCY) Acronym,
    • Paper money and coins from other countries.
  • Foreign Exchange (FX, F/X, FOREX, FE) Acronym,
    • Various instruments used to settle payments for transactions between individuals or organizations using different currencies (e.g., notes, cheques, etc.).
    Bank account transaction code.
  • Index Definition,
    • A table of yields or interest rates being paid on debt (such as Treasury notes or bank deposits) that is used to determine interest-rate changes.
  • International Banking Definition,
    • The operation of bank branches and subsidiaries located outside Canada. This area of banking also includes the supervision of correspondent banking relationships, foreign exchange trading, and trade finance.
  • Issuer Definition,
    • A legal entity that develops, registers, and sells securities including stocks, bonds and derivatives.
  • Note Rate Definition,
    • The percentage paid by a borrower for the use of money, usually expressed as an annual percentage on a promissory note.
  • Promissory Note (PN) Acronym,
    • A written promise to repay a loan by a specified time.
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