Business, Legal & Accounting Glossary
A method of borrowing from commercial institutions such as banks.
A loan note is a type of financial instrument; it is a contract for a loan that specifies when the loan must be repaid and usually also the interest payable. It is similar to a promissory note but the differences can be significant in terms of consequences, especially tax consequences.
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This glossary post was last updated: 1st July, 2019