The Law Dictionary

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NOTE Definition & Legal Meaning

Definition & Citations:

1. A written statement by an individual to pay a sum of money to another individual, or the bearer of the note at a specified period in time. It is a compromise between two individuals. 2. A bond that matures in five years or less. 3. A bill of exchange issued by the notary public that is addressed to the payer in the event of nonpayment or nonacceptance. If the event occurs again, the notary public reserves the right to take legal action on the payer. 4. A small notification that will come of assistance at a later time.


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