Definition of demand note in English:

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demand note

Pronunciation: /dəˈmand/ /dēˈmand nōt/

noun

1A formal request for payment.
Example sentences
  • He will pay the company $7-million on closing plus $3-million through a one-year interest-bearing demand note.
  • This handy demand note outlines creditors' rights to demand payment of loan from debtor.
1.1 another term for demand draft.
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