What is the meaning of time note?

time note is a name used to describe a promissory note used for closed-end transactions that do not require any principal to be repaid until the maturity of the note. Interest may or may not be due periodically prior to maturity. Time notes are usually for periods of time no greater than one year.

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APABarry Goldsmith. (2010). time note. Retrieved September 21, 2026, from http://smartdefine.org/time_note/definitions/1165223
ChicagoBarry Goldsmith. 2010. "time note" http://smartdefine.org/time_note/definitions/1165223 (accessed September 21, 2026).
HarvardBarry Goldsmith 2010, time note, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/time_note/definitions/1165223>.
MLABarry Goldsmith. "time note" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/time_note/definitions/1165223>
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