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demand note

noun

Definitions

  1. A note that normally has no date for repayment, but is due on demand of the lender.…

    A note that normally has no date for repayment, but is due on demand of the lender. Usually the lender will only give the borrower a few days notice before the payment is due.

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sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA