Business / Taxes / Loan Note: A loan note is a promissory agreement describing the terms of a loan and committing the person or institution borrowing the money to live up to those terms. For example, a mortgage loan note states the principal balance, the interest rate, the discount points, a payment schedule and due date, and any potential penalties for violating the repayment terms. When the required repayment has been made, the agreement between the parties ends.
Note Adjective Synonyms: comment, commentary, remark, observation, explanation, annotation, footnote, side-note, marginalia (pl.), gloss, critique, criticism, scholium, exegesis, eisegesis, shoulder-note
Note Verb Synonyms: message, letter, communication, (piece of) correspondence, memorandum, epistle, postcard or (postal) card, fan letter, love-letter, billet doux, bread-and-butter letter, word, line, thank-you note, memo, mash note
Business / Finance / Participation Loan: A large loan made by a group of lenders, that enables a borrower to obtain financing above the legal lending limit of an individual lender. MORE
Business / Finance / Parallel Loan: A process whereby two companies in different countries borrow each other's currency for a specific period of time, and repay the other's currency at an agreed maturity for the purpose of reducing fore MORE