- instalment note
- A promissory note the principal of which is payable in two or more certain amounts at different stated times.
Ballentine's law dictionary. Anderson, W.S.. 1998.
instalment note
Look at other dictionaries:
instalment — /ɪn stɔ:lmənt/ noun a part of a payment which is paid regularly until the total amount is paid ● The first instalment is payable on signature of the agreement. (NOTE: the American spelling is installment) ♦ the final instalment is now due the… … Marketing dictionary in english
instalment payments — Partial payments on account of a larger sum. Payments at fixed intervals until the entire principal and interest on an obligation is satisfied, according to a provision contained in a contract, note, conditional sale contract, chattel mortgage,… … Ballentine's law dictionary
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