demand note

American  

noun

1. a note payable upon presentation.

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demand note British  

noun

1. a promissory note payable on demand

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Etymology

Origin of demand note

First recorded in 1860–65

Example Sentences

Its fatal flaw is that its strength is entirely borrowed�and on a demand note at that�from the nations that compose it.

From Time Magazine Archive

Mr. Doherty holds a demand note against the Company for $1,200,000, secured by $3,000,000 worth of pipe line and tank cars.

From Time Magazine Archive

I gave Barlow a demand note, with the farm as collateral, to cover the loan he had made me.

From Dawson Black: Retail Merchant by Whitehead, Harold

Each time a new note, a demand note for the total amount, was made, cancelling the former one.

From The Adventures of Jimmie Dale by Packard, Frank L. (Frank Lucius)

If you examine a bank bill you will notice that it is drawn much like an ordinary business "demand" note, made payable to "bearer," and signed by the bank president and cashier.

From Business Hints for Men and Women by Calhoun, Alfred Rochefort