Straight Note

Concept of Straight Note in the context of Real Property

A short definition of Straight Note: A promise to repay a loan, signed by the debtor and containing the date executed, amount owing and to whom, date due (or on demand), rate of interest and how it is payable. A straight note is not amortized.

Concept of Straight Note in the context of Real Property

A short definition of Straight Note: A promise to repay a loan, signed by the debtor and containing the date executed, amount owing and to whom, date due (or on demand), rate of interest and how it is payable. A straight note is not amortized.