What does demand note mean?
Definitions for demand note
de·mand note
This dictionary definitions page includes all the possible meanings, example usage and translations of the word demand note.
Princeton's WordNet
demand notenoun
a note payable on demand
Wiktionary
demand notenoun
A note that normally has no date for repayment, but is due on demand of the lender. Usually the lender will only give the borrower a few days notice before the payment is due.
Wikipedia
Demand Note
A Demand Note is a type of United States paper money that was issued from August 1861 to April 1862 during the American Civil War in denominations of 5, 10, and 20 US$. Demand Notes were the first issue of paper money by the United States that achieved wide circulation and they are still in circulation today, though they are now extremely rare. The U.S. government placed the Demand Notes into circulation by using them to pay expenses incurred during the Civil War including the salaries of its workers and military personnel. Because of the distinctive green ink on their reverse, and because state-chartered bank and Confederate notes of the day typically had blank reverse, the Demand Notes were nicknamed "greenbacks", a name later inherited by United States Notes and Federal Reserve Notes. The obverse of the Demand Notes contained familiar elements such as the images of a bald eagle, Abraham Lincoln, and Alexander Hamilton, though the portraits used on Demand Notes are different from the ones seen on U.S. currency today. When Demand Notes were discontinued, their successors, the Legal Tender Notes, could not be used to pay import duties, a large part of the U.S. federal tax base at the time, and thus Demand Notes took precedence. As a result, most Demand Notes were redeemed, though the few remaining Demand Notes are the oldest valid currency in the United States today.
ChatGPT
demand note
A demand note is a financial instrument or a loan with no fixed repayment term or schedule. The lender can ask for repayment from the borrower at any time. The borrower must repay the loan immediately when this demand is made. This type of note or loan often bears interest, however, it doesn't require a regular installment payment, but instead often permits, ongoing draws as long as the total stays below the amount outlined in the note.
Wikidata
Demand Note
A Demand Note is a type of United States paper money that was issued between August 1861 and April 1862 during the American Civil War in denominations of 5, 10, and 20 US$. Demand Notes were the first type of paper money issued by the United States in the sense that they were the first in the series of emissions which has continuously achieved wide circulation down to the present day. The U.S. government placed the Demand Notes into circulation by using them to pay expenses incurred during the Civil War including the salaries of its workers and military personnel. Because of the distinctive green ink on their reverse, and because state-chartered bank and Confederate notes of the day typically had blank reverse, the Demand Notes were nicknamed "greenbacks", a name later inherited by Legal Tender and Federal Reserve Notes. The obverse of the Demand Notes contained familiar elements such as the images of a Bald Eagle, Abraham Lincoln, and Alexander Hamilton, though the portraits used on Demand Notes are different from the ones seen on U.S. currency today. When Demand Notes were discontinued, their successors, the Legal Tender Notes, could not be used to pay import duties, a large part of the U.S. federal tax base at the time, and thus Demand Notes took precedence. As a result, most Demand Notes were redeemed, though the few remaining Demand Notes are the oldest valid currency in the United States today.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of demand note in Chaldean Numerology is: 8
Pythagorean Numerology
The numerical value of demand note in Pythagorean Numerology is: 5
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"demand note." Definitions.net. STANDS4 LLC, 2024. Web. 27 Dec. 2024. <https://www.definitions.net/definition/demand+note>.
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