straight note

listen to the pronunciation of straight note
Englisch - Englisch
A note where the principal is paid in a lump sum at the end of the term
Principal is to be paid in one lump sum, while interest may be paid in either a lump sum or installments
A promissory note evidencing a loan in which payments of interest only are made periodically during the term of the note, with the principal payment due in one lump sum upon maturity A straight note is usually a nonamortized note made for a short term, such as three to five years, and is renewable at the end of the term (See promissory note)
A promissory note evidencing a loan in which "interest only" payments are made periodically during the term of the note, with the principal payment due in one lump sum upon maturity
A promissory note calling for payment of principal in one sum rather than in installments
straight note
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