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guaranteed note

 

Definitions from the Web

Term: Guaranteed Note


Description:

A guaranteed note refers to a legal document that guarantees the payment of a specified amount of money to the holder, typically with interest, within a definite period. It provides security and assurance to the recipient that the payment will be received according to the terms of the note.


Sample Sentences:

As a noun:

  • I invested my savings in a guaranteed note to earn a fixed rate of interest.
  • The company issued a guaranteed note to raise funds for its expansion plans.

As a verb:

  • The lender guaranteed the loan by noting it in a legally binding document.
  • The bank agreed to guarantee the note, ensuring the borrower's repayment.

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