time note

Definition of "time note"
  1. A written promise to pay a certain amount of money at a predetermined time in the future
How to use "time note" in a sentence
  1. The company issued a time note to secure the loan and agreed to pay it back within a year.
  2. The buyer signed a time note to finance the purchase of the property, agreeing to make payments over the next thirty years.
  3. In order to fund the renovation costs, the owner issued a time note to the bank with a stipulated repayment period of five years.

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