note

note ¹ n

1 a: a written promise to pay a debt; specif: promissory note in this entry

bank note: a promissory note issued by a bank payable to bearer on demand but without interest and circulating as money

cog·no·vit note /käg-'nō-vit-, kōg-/: a note in which the maker acknowledges the debt and authorizes the entry of judgment against him or her without notice or a hearing: a note containing a confession of judgment

collateral note: a note secured esp. by a collateral mortgage and pledged to secure an obligation of which a hand note usu. serves as evidence

demand note: a note payable on demand compare time note in this entry

floating rate note: a negotiable note that yields an indexed and periodically adjusted variable rate of interest – called also floater;

hand note: a note for an obligation secured by a collateral note

non–recourse note: a note whose satisfaction upon default may be obtained only out of the collateral securing it

promissory note: a note containing an unconditional promise to pay on demand or at a fixed or determined future time a particular sum of money to or to the order of a specified person or to the bearer

recourse note: a note whose satisfaction upon default may be obtained from the debtor's assets other than and in addition to the collateral securing it

re·new·al note: a note that continues an obligation due under a previous note

tax an·tic·i·pa·tion note: a note issued by a state or municipality on pending tax revenue to fund immediate governmental expenditures

time note: a note payable at a specified time in the future compare demand note in this entry

Treasury note: a negotiable note issued by the U.S. government with a maturity date of one to ten years from the date of issue – called also T-note; compare treasury bill at bill 7 treasury bond at bond 2

b: a piece of paper money

2: an exposition on a law-related topic esp. found in a law review

note ² vt noted, not·ing

1: to recognize the existence or presence of

noted probable jurisdiction

2: to make a notarial memorandum of nonpayment of (a negotiable instrument) on presentation