time note
- noun
- /taɪm noʊt/
- Specialized
:
pagaré
- The bank issued a time note that required full repayment within six months.
Examples
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Unlike a demand note, a time note clearly states when the debt must be settled.
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As collateral, she provided a signed time note to guarantee payment by the agreed date.
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He signed a time note for the loan.
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The time notes were due last week.
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The bank issued a time note that required full repayment within six months.
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As collateral, she provided a signed time note to guarantee payment by the agreed date.
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Unlike a demand note, a time note clearly states when the debt must be settled.
Synonyms
6
7.0
A written promise to pay money to a named person or holder, payable on demand and sometimes later
A written promise to pay a set amount of money on a future date
A written promise to pay a set amount of money when asked or at a fixed time
Surface Forms
Morphology
The compound is compositionally built: 'time' modifies 'note', so a learner who knows 'time' (a point/period) and 'note' (a financial promise) can infer it is a kind of note that specifies timing of repayment. While the term is somewhat technical/legal, the meaning follows a transparent noun–noun modifier pattern and is predictable from the constituents.
Etymology
The term time note comes from the simple idea of a note that sets a time for payment. That's why it means 'a written promise that says when a debt must be paid'.