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interest bearing note

 

Definitions from the Web

Interest Bearing Note

Definition:

An interest bearing note refers to a type of financial instrument or debt security that generates interest income for the holder or lender. It is typically issued by a government or a corporation to raise funds.

Sense 1:

Noun: A debt security issued by a government or corporation that pays periodic interest to the holder until maturity, when the principal amount is repaid.

Example Sentence: The investor purchased several interest bearing notes to diversify their portfolio and earn stable returns on their investments.

Sense 2:

Noun: A promissory note or loan agreement wherein the borrower agrees to pay interest to the lender on the principal amount borrowed.

Example Sentence: The bank provided a loan to the small business owner in the form of an interest bearing note with a fixed interest rate of 5% per annum.

Sense 3:

Adjective: Describing a financial instrument or account that accumulates interest over time.

Example Sentence: The interest-bearing savings account offered by the bank allows customers to earn interest on their deposited funds.

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