hand note

Definition of "hand note"
  1. It is a type of debt instrument, which is supported by another note that serves as collateral
How to use "hand note" in a sentence
  1. In order to secure his loan, John provided a collateral note and took a hand note.
  2. A bank may offer a hand note to a borrower who has enough collateral.
  3. The loan officer explained the advantages of using a hand note for debt security.
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