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| Definitions by InvestorWords.com |
| What is...? |
| note A short-term debt security, usually with a maturity of five years or less. Also, a legal document that obligates a borrower to repay a mortgage loan at a specified interest rate during a specified period of time or on demand; here also called promissory note. see also anticipation note, balloon loan, bank note, bond, instrument, collateral note, extendible note, Federal Reserve Note, mortgage note, revenue anticipation note, tax anticipation note. |
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