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Simple English definitions for legal terms

Note

Read a random definition: Cohen doctrine

A quick definition of Note:

A note is a written promise to pay someone a certain amount of money at a specific time. It also includes details about how the money will be paid back, like the interest rate and when the payment is due. Sometimes, the note is backed up by a mortgage, which means that if the person who owes the money doesn't pay it back, the lender can take their property.

A more thorough explanation:

A note is a written promise to pay a certain amount of money to someone at a specific time. It includes details about how and when the money will be paid back, such as the interest rate, due date, and any penalties for not paying on time.

  • John borrowed $1,000 from his friend and wrote a note promising to pay it back in six months with 5% interest.
  • Samantha took out a student loan and signed a promissory note agreeing to pay back the money with interest over a period of 10 years.

These examples illustrate how a note is a legal agreement between two parties that outlines the terms of a loan or debt. The borrower promises to pay back the money according to the terms of the note, and the lender can take legal action if the borrower fails to do so.

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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