One of the mysteries of the English language finally explained.
1A formal request for payment.
- ‘He will pay the company $7-million on closing plus $3-million through a one-year interest-bearing demand note.’
- ‘This handy demand note outlines creditors' rights to demand payment of loan from debtor.’
- 1.1another term for demand draft
demand note/dēˈmand nōt/
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