note, installment


note, installment
n.
A note that is paid in several installments over a period of time.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.

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  • Installment Note — An installment note is a form of promissory note calling for payment of both principal and interest in specified amounts, or specified minimum amounts, at specific time intervals. This periodic reduction of principal amortizes the loan …   Wikipedia

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  • installment note — In consumer lending, name used to describe a promissory note that calls for mostly regular, periodic payments of principal and. American Banker Glossary …   Financial and business terms

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