{"id":363360,"date":"2013-01-28T16:34:14","date_gmt":"2013-01-28T21:34:14","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-law\/dictionary\/definition\/note.html"},"modified":"2013-01-28T16:34:14","modified_gmt":"2013-01-28T21:34:14","slug":"note","status":"publish","type":"dictionary","link":"https:\/\/dictionary.findlaw.com\/definition\/note.html","title":{"rendered":"Note"},"content":{"rendered":"\n
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term:<\/p>\n

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n<\/p><\/dt>\n

1 a<\/b> :<\/b> a written promise to pay a debt
;specif<\/i>
:<\/b> promissory note <\/a> in this entry <\/p>\n

bank note<\/b>
:<\/b> a promissory note issued by a bank payable to bearer on demand but without interest and circulating as money <\/p>\n

cog·no·vit note<\/b>
[kÄ g-nō-vit-, kōg-]
:<\/b> a note in which the maker acknowledges the debt and authorizes the entry of judgment against him or her without notice or a hearing
:<\/b> a note containing a confession of judgment <\/p>\n

collateral note<\/b>
:<\/b> a note secured esp. by a collateral mortgage and pledged to secure an obligation of which a hand note usually serves as evidence <\/p>\n

demand note<\/b>
:<\/b> a note payable on demand compare time note<\/a> in this entry <\/p>\n

floating rate note<\/b>
:<\/b> a negotiable note that yields an indexed and periodically adjusted variable rate of interest called also floater<\/i> <\/p>\n

hand note<\/b>
:<\/b> a note for an obligation secured by a collateral note <\/p>\n

non-recourse note<\/b>
:<\/b> a note whose satisfaction upon default may be obtained only out of the collateral securing it <\/p>\n

promissory note<\/b>
:<\/b> 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 <\/p>\n

recourse note<\/b>
:<\/b> a note whose satisfaction upon default may be obtained from the debtor’s assets other than and in addition to the collateral securing it <\/p>\n

re·new·al note<\/b>
:<\/b> a note that continues an obligation due under a previous note <\/p>\n

tax an·tic·i·pa·tion note<\/b>
:<\/b> a note issued by a state or municipality on pending tax revenue to fund immediate governmental expenditures <\/p>\n

time note<\/b>
:<\/b> a note payable at a specified time in the future compare demand note<\/a> in this entry <\/p>\n

Treasury note<\/b>
:<\/b> 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<\/i> compare Treasury bill<\/i> at bill<\/a> Treasury bond<\/i> at bond<\/a>
b<\/b> :<\/b> a piece of paper money
2<\/b> :<\/b> an exposition on a law-related topic esp. found in a law review
vt noted<\/b>
not·ing<\/b>
1<\/b> :<\/b> to recognize the existence or presence of [noted<\/i> probable jurisdiction]
2<\/b> :<\/b> to make a notarial memorandum of nonpayment of (a negotiable instrument) on presentation <\/p>\n<\/dd>\n<\/dl>\n

Source: Merriam-Webster’s Dictionary of Law \u00a91996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.<\/div>\n<\/div>\n
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Related Terms from the Property Rights and Real Estate Law Glossary<\/h2>\n\t\n\t
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