Promissory Note: Promise to pay. Written contract between a borrower and a lender that is signed by the borrower and provides evidence of the borrower's indebtedness to the lender.

 

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Promissory Note: Promise to pay. Written contract between a borrower and a lender that is signed by the borrower and provides evidence of the borrower's indebtedness to the lender.

Master Promissory Note: The legal, binding document that must be signed by the student borrower prior to loan funds being disbursed to Greenville Tech. The promissory note states the terms and conditions of the loa . . . View Full Definition

Installment Note: A note which provides that payments of a certain sum or amount be paid in more than one payment on the dates specified in the instrument.

Straight Note: A promissory note evidencing a loan in which payments of interest only are made periodically during the term of the note, with the principal payment due in one lump sum upon maturity. A stra . . . View Full Definition

Principal On A Note: The face amount of a note: the amount (excluding interest) that the maker agrees to pay the payee.

Project Notes (PN): Notes issued by municipalities to finance federally sponsored programs in urban renewal and housing and guaranteed by the U.S. Department of Housing and Urban Development.

Notes To The Financial Statements: A detailed set of notes immediately following the financial statements in an annual report that explain and expand on the information in the financial statements.

Notebook Computer: A very small computer, approximately the size of a notebook used for writing. The term is often used interchangeably with 'laptop', but is technically the much smaller version.

Note Agreement: A contract for privately placed debt.

Note Issuance Facility (NIF): An agreement by which a syndicate of banks indicates a willingness to accept short-term notes from borrowers and resell these notes in the Eurocurrency markets.