A corporate IOU. A note is a debt instrument with a maturity of seven years or less.
A written instrument of indebtedness, promising to pay a certain person a particular sum of money upon stated terms.
a written document, (promise to pay), that sets forth the amount of the obligation and the terms of repayment.
A written promise to pay a specific amount of money on a certain date.
A note is a document acknowledging that a debt exists and promising to repay that debt.
Colloquial term for Promissory Note especially in the context Forfaiting.
A short-term debt instrument issued by a corporation or government, usually with a maturity ranging from 13 weeks to one year. Considered a cash equivalent investment, notes are also referred to as "promissory notes."
An instrument such as a promissory note, which is the recognized legal evidence of a debt. It is an instrument signed by the maker, called the borrower, promising to pay a certain sum of money on a specified date at a certain place of business, to a certain business, individual, or bank, called the lender. It should meet all requirements of the Uniform Negotiable Instruments Law.
A written promise to pay, such as a mortgage.
A written, dated and signed unconditional promise to pay a definite sum of money on demand or at a specified time to a named person or bearer. Legal evidence of a debt.
In connection with a mortgage loan, the document that evidences the borrower's obligation to pay a specified sum of money at a stated interest rate during a specified term, which is secured by a security instrument.
MP] A document that evidences a debt and a promise to repay.
A debt security originally issued with a maturity from 2 to 10 years.
A debt security that mandates the issuer to pay a specific sum of money, either on demand or on a fixed future date, with or without interest.
A written promise to pay certain sum of money at a certain time that can transferred by endorsement.
Debt instruments with initial maturities longer than one year and shorter than 10 years.
A debt security with a date of between one and ten years; note prices tend to be less sensitive to interest rate changes than bond prices.
A signed written document acknowledging a debt and promising payment of a mortgage.
A type of bond that reaches maturity in 1 to 10 years.
The legal instrument, between a lender and a borrower, which insures the borrower will repay a specific monetary debt in payments of both principal and interest for a prescribed period of time as specified in a contract. Note instruments and mortgage instruments, in many instances, are combined within the same document.
The document where a borrower promises repayment of a debt.
A written document that promises payment on a debt.
A written promise to pay a named amount to a parti... more
Unsecured debt (promise to pay) that usually has a maturity of less than 15 years.
In lending, a note is legal acknowledgment of a debt.
A debt instrument with an initial maturity longer than one year and shorter than 10 years.
A unilateral agreement containing the written promise of the signer to pay a sum of money, usually with interest at a specified rate, to a named payee, or order, on a specified date or upon demand.
Document. This document signed at closing is the promise by the signers to repay the loan.
Short for promissory note. This document gives the parameters of the loan and legally obligates the borrower to pay back the debt.
A legal document that obligates the borrower to repay a mortgage loan at a stated income rate and during a specified term.
Evidence of a debt, usually provides for interest and is secured by a mortgage or trust deed.
A promises to pay; similar to a bond but for a shorter term-usually payable in 10 years or less.
A contract under which someone promises to a certain sum of money at a certain time.
A written promise to repay a loan. It includes the loan amount, interest rate and term.
An abbreviation for promissory note. It discloses the interest rate and terms of your loan.
A written promise to repay a specific amount of money on specified terms.
Written evidence of a debt, which includes a promise of a repayment in accordance with specified terms. Most often secured by a deed of trust in real estate.
A unilateral written agreement acknowledging the debt and containing an express and absolute promise of the signer to repay the debt under specified terms, amounts and conditions.
A written, signed promise to pay that lists the details of the repayment agreement.
A written agreement that acknowledges the loan debt and promises to pay.
written guarantee to pay a specified amount to a lender on a specific date
The security for the payment of debt; it empowers the lender to execute on the personality of a defaulted borrower.
A written promise to pay a specific amount, either on demand or at a future date.
A written agreement to repay a loan. The agreement, which is sometimes secured by a mortgage, serves as proof of an indebtedness, and states the manner in which it shall be paid. The note states the actual amount of the debt and renders the borrower personally responsible for repayment.
A legal contract which obligates a borrower to repay a mortgage debt at its specified interest rate and during a specified time period.
An I.O.U. between the property owner and the lender. It contains all of the details about the loan, such as interest rate, type of mortgage, loan amount, monthly payment amount, loan term, etc. The biggest difference between the Note and the Mortgage is that the Mortgage is public document, available at the Recorder's office. The Note is private and is only seen by the property owner and the bank. Learn more about Mortgage Basics.
A written promised by one party to pay a specified sum of money to a second party under the conditions agreed upon mutually; also called a “Promissory Note
document signed by the borrower containing a promise to pay the lender a definite sum of money by a specific date
A document promising to pay a certain amount of money at a certain time, or in a certain number of installments. The terms of the note usually provides for payment of interest and its payment is at times secured by a mortgage.
A written document in which a borrower promises to repay a loan to a lender at a stipulated interest rate within a specified time period or upon demand. Also called a promissory note.
A written promise to repay a loan. In real estate transactions the note is secured by a mortgage or, in Georgia, by a security deed.
A document that states a debt exists and the repayment terms.
An instrument acknowledging a debt and a promise to repay according to the terms outlined.
A unilateral instrument containing a promise to pay a sum of money at a specified time. The evidence of a debt.
A written agreement containing the borrowers promise to pay the named person, order, or bearer a definite sum of money at a specified date, or on demand. rigination fee A fee imposed by a lender or broker to cover particular processing expenses involved with making a real estate loan. It's usually a percentage of the amount loaned, such as one percent.
A legally binding document that obligates a mortgagor (borrower) to repay a loan in a specified time period, based on a stated interest rate and other terms.
A promise to repay a debt, loan or other instrument.
A business loan for a short term, written as promissory note to evidence a debt.
A financial instrument such as a mortgage or IOU that details the indebtedness of one person to another. Either secured (such as by a mortgage) or unsecured (such as an IOU).
A legal document which requires a borrower to repay a loan over given time period
the note is the written document signed by the borrower as a promise he will pay a debt.
A debenture generally with a maturity of one to five years.
A legal promise by a borrower to repay a mortgage loan according to an agreed schedule, at a set interest rate.
The written agreement from the borrower to the lender listing the loan amount, interest rate, term, dollar amount and schedule of payments due and the specific promise of the signer to pay the lender.
This is the instrument that states the terms of repayment of a loan for the purchase of real estate. Typically, the terms of the repayment consist of the borrower's name, time period, over which payments are made, interest rate charged, initial loan balance, payment amount, place of payment, and maturity of the loan.
a written instrument that acknowledges a debt and premises payment.
An investment instrument, such as a bond, with maturities greater than one year and less than ten years.
This is a written agreement that outlines all the terms of a debt including interest rate, due date, payment date and amounts. Also known as a promissory note.
A security whereby an issuer borrows money from an investor and agrees, by written contract, to pay a fixed principal sum at a specified maturity date and interest rate.
A legal document signed by a buyer to repay the stated amount of a loan by a certain date
Also called "promissory note." A written promise to pay a sum of money, usually at a specified interest rate, at a stated time to a named payee.
A written promise to repay a certain sum of money on specified terms outlining the amount of the debt, the terms and payments, the interest rate, margins and caps for ARMs, the name of the lender and the borrower, and any other material item required by the lender.
The agreement or IOU which states the home mortgage amount to be borrowed and the terms and conditions of the loan. It also includes a complete description the loan repayment terms and time frame. rigination Fee - A fee or charge for work involved in preparing, evaluating, and submitting a proposed mortgage loan. The fee is limited to 1 percent of FHA and VA loans. It may be larger with conventional and internet financing. ITI - Principal, interest, taxes and insurance, typically included in a monthly mortgage payment.
The signed obligation to pay a debt, as a mortgage note.
An instrument in which one party, the maker or payor, promises to pay a definite sum of Copyright 2002-2006 NoteBuy - a division of GoGuys, Inc. www.GoGuys.com money to another, the payee, at a fixed or determinable future time or on demand.
The agreement which states the amount to be borrowed and the terms and conditions of the loan. It also includes a complete description of how the loan should be repaid and the time frame for repayment.
An agreement containing an expressed and absolute promise of the signer to pay to a named person or bearer a definite sum of money at a specified date or on demand. Usually provides for interest, and if concerning real property, is secured by a mortgage or trust deed.
A note is a written agreement to repay a debt under certain terms and conditions.
A financial instrument consisting of a promise to pay rather than an order to pay or a certificate of indebtedness. Quanto provides offshore software development and QA to financial institutions Click here to send us your feedback or to recommend a new term
The promissory note evidencing the obligation to repay the mortgage loan.
A written promise to pay a specified amount under the agreed upon conditions.
An instrument bearing legal evidence of debt. A note is signed by the maker (borrower) and promises to pay a specified sum of money to the lender at a certain future date and place.... read full article
A legal document obligating a borrower to repay a loan at a stated interest rate during a specified period of time. The mortgage note is secured by a mortgage.
The borrower's legally binding written promise to repay a debt to a lender on a specified date.
A document that obligates a borrower to repay a loan. Minimally stated are, interest rate, payment schedule and due date for a specified period of time.
A written promise to pay a certain sum of money at a certain time. A negotiable note starts "pay to the order of" and is transferable by endorsement similar to a check.
The legal document that holds a borrower liable to repay a mortgage at a certain interest rate and over a specific time period.
A legal acknowledgment of a debt and the promise to pay it back. The note details the loan amount, interest rate, and loan term.
A written agreement containing a promise of the signer to pay to a named person, or order, or bearer, a definite sum of money at a specified date or on demand.
A legal document that obligates a borrower to repay a mortgage loan at a stated interest rate during a specified period of time.
A written promise to pay a specified amount to a certain entity on demand or on a specified date.
A short- to medium-term loan that represents a promise to pay a specific amount of money. A note may be secured by future revenues, such as taxes. Treasury notes are issued in maturities of two, three, five and 10 years.
The instrument evidencing the indebtedness secured by a security instrument such as a mortgage or deed of trust.
A signed instrument acknowledging a debt and a promise to repay per the terms outlined.
Another term for a loan agreement between two parties, when one promises to pay an individual or entity a specified amount of money on a determined date.
Written evidence of a debt by a borrower that included a promise of payment in accordance with specified terms. A valuable document which must not be lost even when paid in full. In real property transactions, a note is usually secured by a Deed of Trust.
The promissory note, a document that details the terms of a loan and legally obligates the borrower to repay the debt.
A written instrument acknowledging a debt and promising payment Back to the Top
A document that serves as evidence to a debt and promise to repay.
A promise to pay as distinguished from an order to pay. A written promise of the maker to pay a certain sum of money to the person named as payee, on demand or at a fixed or determinable future date. In the government securities market, a note is a coupon issue with a maturity of one to ten years. In contrast to Treasury bonds, coupon rates on Treasury notes are not restricted by law.
an instrument of debt with a maturity of 1 to 10 years
A signed document that acknowledges a debt and shows the borrower is obligated to pay it. Go to Top
A signed written instrument acknowledging a debt and promising payment.
A written promise to pay a stipulated sum of money to a specified party under conditions mutually agreed upon. Also called a promissory note, promise, or bond.
A written instrument acknowledging a debt and promising payment Select Another Letter
A legal document that obligates a borrower to repay a loan. Included terms are: interestrate, amount, maturity and repayment place and repayment method.
A legal document that obligates a borrower to repay a mortgage loan, and specifies the terms of the repayment, such as the interest rate.
A document signed by the borrower of a loan and stating the loan amount, the interest rate, the time and method of repayment and the obligation to repay. The note serves as evidence of the debt. When secured by a mortgage, it is called a mortgage note, and the mortgagee is named as the payee. In a trust deed, the note is usually made payable to the bearer or holder. The note may also contain some of the same provisions as in the mortgage or trust deed document, such as prepayment or acceleration.
A valid and enforceable promissory note or other instrument which evidences a Borrower's obligation to repay a Mortgage Loan.
A writing containing a promise of the signer (or maker) to pay a specific person, or order, or bearer, a definite sum of money at a specific time. More business was done by notes in territorial Arkansas than today, because paper money did not exist and coin was scarce. Notes served as a substitute for paper money. Banks issued their own notes, which were used as currency.
An instrument containing an express and absolute promise of signer (i.e. maker) to pay to a specified person or order, or bearer, a definite sum of money at a specified time. Two party instrument made by the maker and payable to payee which is negotiable if signed by the maker and contains an unconditional promise to pay sum certain in money, on demand or at a definite time, to order or bearer. U.C.C. Sec. 3-104(1). A note not meeting these requirements may be assignable but not negotiable. Black's Law Dictionary, 5th Edition. (See "Promissory Note.")
A written promise to repay a certain sum of money on specified terms. Also known as a "promissory note."
A document signed by a borrower, which acknowledges the debt of a loan and promising repayment under specific terms and conditions.
A legal instrument in which a borrower promises to repay his or her loan under a specific set of circumstances (e.g., interest rate or late charge information).
A written promise by one party to pay a specified sum of money to a second party under conditions agreed upon mutually. The Note will specify the payment amount, number of payments, interest rate, and finance charges.
A written promise to pay a certain maount of money, at a certain time, or in a certain number of installments. It usually provides for payment of interest and its payment is at times secured by a mortgage.
A legal document specifying the terms of debt including the amount to be paid, when installments are due and the term of the loan.
A signed acknowledgment of a debt and a promise to repay the debt, usually with interest, according to the terms and conditions of the document.
A general term for any kind of paper or document signed by a borrower that is an acknowledgement of the debt, and is, by inference, a promise to pay. When the note is secured by a mortgage, it is called a mortgage note and the mortgagee is named as the payee.
A signed instrument acknowledging a debt and promising repayment.
A legal document which evidences one's promise to pay another. For example, a borrower's promise to pay a lender.
A signed written instrument promising payment of a stated sum of money . Shortened name for a promissory note. Back to the Top
A written acknowledgment of a debt by a Borrower including a promise of payment in accordance with specified terms; an evidence of debt; the credit instrument. Also referred to as Promissory Note.
A legal document that gives evidence of mortgage or other indebtedness, including the amount and terms of repayment.
Legal evidence of a debt or obligation.
The legal document that requires a borrower to repay a mortgage at a certain interest rate over a specified period of time.
A signed obligation to pay a debt.
The document which usually accompanies a mortgage and is the promise to re - pay the loan.
Legal document stating the terms of a debt and a promise to repay it.
A signed document in which a borrower agrees to repay a debt to a lender within a certain timeframe and according to certain terms.
A written promise to pay a certain amount of money.
A formal document showing the existence of a debt and stating the terms of repayment.
A certificate issued by a corporation or government stating the amount of a loan, the interest to be paid and the collateral pledged in the event payment cannot be made. The date for repayment is generally more than a year after issue but not more than seven or eight years later. The shorter interval for repayment is the principal difference between a note and a bond.
the written promise to repay the loan according to its terms.
The promise to pay the loan on ther property.
Promissory note to lender detailing terms of repayment of amount borrowed.
Provides information about your loan (term of loan, payments, interest rate, whether the loan if fixed or adjustable, and if adjustable, what controls the adjustment, prepayment penalties, etc.). It is this document that creates the obligation for the loan debt.
The legal document that specifies the terms of the borrower's loan, such as the length of time to repay it, the interest rate, the monthly payment amounts and provisions to deal with the provisions to deal with the borrower's failure to pay on a timely basis.
an instrument of credit given to evidence a debt.
A legal acknowledgment of a debt and an implicit promise to repay.
A common reference to a promissory note.
A written agreement and promise from the borrower(s) to pay a definite sum of money at a stated interest rate during a specified date and term. The note contains a description of the collateral and conditions under which the loan is to be repaid.
A legal instrument, which specifies the terms of any debt. When someone borrows money secured against real estate, a note will be signed.
The general name for a Treasury or agency security with an initial maturity of fewer than 10 years.
a written document that promises to pay with the terms listed.
Applicable form of instrument that evidences the loan as required, including any addenda.
A written promise to repay a certain sum of money at a stated rate during a specified term.
The document giving evidence of mortgage indebtedness, including the amount and terms of repayment. Back
legal document stating that a loan has been issued and requires repayment with interest within a set period of time
Debt instruments with initial maturities greater than one year and less than 10 years.
A written instrument that acknowledges a debt and promises to pay.
Legal document obligating a borrower to repay a loan at a stated interest rate during a specified period of time. The agreement is secured by a mortgage or deed of trust or other security instrument.
A written promise to pay back money at a specific time.
A bond with a maturity greater than one year and less than 10 years.
A written promise to pay a named amount to a particular company or business by a certain date.
The signed obligation to repay a debt or loan.
Legal document stating the conditions and the borrower's promise of repayment of a loan. rigination Fee The fee charged by a lender to evaluate and process a loan. ayment Cap A limit on an adjustable rate mortgage of how much a payment may increase.
Promissory Note; A written instrument acknowledging a debt and promising payment.
An instrument that recognizes a debt and acknowledges the need to pay.
A short-term debt security, usually maturing in five years or less.
A legal document that obligates a borrower to repay a debt, such as a mortgage note. back
A medium-term obligation of the U.S. Treasury; 2-10 years' maturity. See also bill and bond.
A legal document, which specifies that a borrower must repay a loan at a certain rate within a specified time.
A debt security, usually maturing in one to 10 years.
One of a variety of debt securities. Treasury notes refer to coupon securities with a maturity of one to ten years; municipal notes are short-term promissory notes.
A negotiable instrument, written and signed, acknowledging a debt and promising payment.
A legal document obligating a borrower to repay a mortgage loan at a specified rate of interest over a specified period of time.
The written agreement signed by the borrower at closing that contains the promise to repay the loan. The note also contains the terms of the loan, such as interest rate, payment, and term.