demand note
Definition
Promissory note from a borrower to a lender, with a specific due date or payable whenever lender demands repayment. In contrast to a mortgage loan, a demand note does not require a show-cause notice to be given to a delinquent borrower.
Mentioned in these definitions
Mentioned in these terms
Popular 'Accounting & Auditing' Terms
demand note in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/demand-note.html
