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LSDefine
Simple English definitions for legal terms
post note
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A quick definition of post note:
A post note is a type of banknote that is payable at a future time instead of immediately. It is a written promise by one party to pay money to another party or to the bearer. There are many different types of notes, including demand notes, installment notes, and mortgage notes. A note can also refer to a short legal essay or a memorandum for later reference.
A more thorough explanation:
Definition: A type of banknote that is payable at a future time instead of on demand.
Example: A person borrows money from a bank and agrees to pay it back in six months. The bank gives the person a post note, which is a written promise to pay the money back in six months.
This example illustrates the definition because the post note is a type of banknote that is payable at a future time, in this case, six months from the date it was issued.