note definition

note

Written undertaking by one party (the writer or maker) to pay a specified sum of money to a named party (the payee) or to the bearer (holder) of the note, on demand or on a stated date. In contrast to a draft (which is a three-party order to pay) a note is a two-party promise to pay. See also promissory note.

Bond with a maturity period of five years or less.

Bill of exchange, re-presented by a notary public to a drawee after it was dishonored by non-acceptance or non-payment. If the bill is dishonored again, the notary may protest (take legal action) against the drawee.

Annotation or memorandum for later reference. See also notes.

note is in the Accounting & Auditing, Banking, Commerce & Finance, Documentation & Recordkeeping and Securities & Futures Trading subjects.

note appears in the definitions of the following terms: payment advice note, face, note amortization schedule, average life, conformed copy, landing account, emphasis added, floating rate note, notes receivable discounted, holder and

note appears in the other terms: insurance cover note, delivery note, credit-linked note, collateral note, consignment note, dispatch note, indexed currency option note (ICON), noted item, release note, currency note and

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