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demand note
noun
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.
Exact(10)
"He typically uses a demand note in the robberies and has displayed a black handgun," it said.
While bank tellers are instructed to hand over money when confronted with a demand note, armored-car guards often defend the cash they are carrying.
All the robberies were "note jobs," meaning that the robber handed over a demand note but never brandished a weapon, the police said.
One structured product was a variable-rate demand note, which gave the investor the option of putting the note back to the securities firm if the investor decided the rate was too low.
Mr. Williams was in the process of writing a demand note on the back of a deposit slip at Apple Bank in the Midwood section, the police said, when a teller recognized him and their eyes locked.
But even though detectives and federal agents are no longer working jointly on a bank robbery squad, there has still been cooperation on investigations, including on so-called "note jobs" in which robbers are not known to be armed with anything other than a demand note.
Similar(48)
He couldn't have foreseen that his Demand Notes would, in time, entirely revolutionize the nation's currency.
A three-member arbitration panel rejected the union's demand, noting that the city faced a deficit of nearly $5 billion.
These "Demand Notes" could be exchanged for coin at any time at one of the Treasury's branches around the country.
The Demand Notes he created in the first summer of the Civil War would lay the foundation for the modern dollar.
Many analysts believe rising supplies and the falling demand noted in a number of recent reports means oil prices will eventually fall.
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