note (redirected from notes)

Note

Debt instruments with initial maturities longer than one year and shorter than 10 years.

---

note

1. A written promise to pay a specific sum of money on a certain date. Also called promissory note.

2. See footnote.

---

Note. A note is a debt security that promises to pay interest during the term that the issuer has use of the money, and to repay the principal on or before the maturity date.

For US Treasury securities, a note is an intermediate-term obligation -- as opposed to a short-term bill or a long-term bond -- that matures in two, three, five, or ten years from its issue date.

---

note

See promissory note.

---

Note

A document that evidences a debt and a promise to repay.

A mortgage loan transaction always includes a note evidencing the debt, and a mortgage evidencing the lien on the property.