Note(redirected from hits the wrong note)
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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.
noteSee promissory 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.