MLchartDataset catalogue

Demand note

Term · Law · MLC-T-LAW-001552

A promissory note that is payable immediately upon the request of the holder, without a specified maturity date. The borrower is obligated to repay the principal and any accrued interest whenever the lender demands payment. These notes are often used in informal lending arrangements or as short-term financing.

Table 1. Record
IdentifierMLC-T-LAW-001552
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-001552",
  "term": "Demand note",
  "field": "Law",
  "definition": "A promissory note that is payable immediately upon the request of the holder, without a specified maturity date. The borrower is obligated to repay the principal and any accrued interest whenever the lender demands payment. These notes are often used in informal lending arrangements or as short-term financing.",
  "url": "https://mlchart.com/terminology/law/demand-note/"
}

Record 1,420 of 5,441 in Law terminology (MLC-0107). Request the full dataset.