| 单词 | demand note |
| 释义 | demand note demand note noun [C]
(Finance )
1 (also demand draft) (both especially AmE) a document in which sb agrees to pay an amount of money to sb else whenever they ask for it: A lot of small business loans are, in fact, demand notes, meaning that the banks have the right to ask for full payment at any time. The director executed (= wrote) a demand note in favour of the bank to cover the loan.
2 a written demand for a debt to be paid: an income tax demand note |
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