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note definition - finance
  1. A debt instrument with a maturity between one year and ten years. For longer-term debt instruments, the term bond typically is used. However, both note and bond often are used interchangeably, especially when speaking in general terms about a debt issue.
  2. A written promise to pay a specified amount to the lender at a specified time in the future. It may be in the form of a promissory note.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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