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demand note

   Also found in: Legal, Financial, Wikipedia 0.04 sec.
demand note
n.
A bill or draft payable in lawful money upon presentation or demand.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.demand note - a note payable on demand
note of hand, promissory note, note - a promise to pay a specified amount on demand or at a certain time; "I had to co-sign his note at the bank"
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It said that a loan requires an ascertainable maturity date--which a demand note has--not a fixed maturity date, and the Tax Court's interpretation would disqualify shareholders from using a common type of commercial loan.
Cash advances to a corporation: loan or capital contribution? by Reichert, Charles J. / Journal of Accountancy
``What we're seeing out in the Valley are individuals who enter the banks with a demand note with instructions on it to the teller that threatens or implies that he has a weapon,'' said Deputy Chief Michel Moore, who heads the Los Angeles Police Department's Valley Bureau.
BANDITS GO IT ALONE AT BANKS SOLO MIDDLE-AGE MEN PULLING OFF MORE ... by Daily News (Los Angeles, CA)
Again, in the case of a demand note, this amount should be relatively close (if not equal) to the note's face amount, as the holder may demand payment at any time.
Cancellation of accrued, but unpaid, interest on intercorporate debt by Smith, Annette B. / The Tax Adviser
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