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FINDLAW LEGAL DICTIONARY

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Note

note 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
[kÄ g-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 usually 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 Treasury bond at bond
b : a piece of paper money
2 : an exposition on a law-related topic esp. found in a law review
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



Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.