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Definitions from WordNet

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Demand Note

Definition:

A demand note is a type of promissory note that is payable on demand or upon the request of the lender. It is a written promise from the borrower to repay a specific amount of money.

Parts of Speech:

Noun

Senses:

Sense 1: A promissory note payable on demand.

Sense 2: A written agreement that specifies the amount and terms of a debt repayment.

Usage:

Usage 1: The demand note was issued to the lender as a guarantee of repayment.

Usage 2: The borrower failed to honor the demand note and now faces legal consequences.

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• Demand note forms
• Demand note templates

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