Definitions for "STRAIGHT NOTE"
A promissory note that is unamortized. The principal is paid at the end of the term of the note. Back to the Top
A note on which interest only is paid, with the entire principal payable on the due date.
A note in which a borrower repays the principal in a lump sum at maturity while interest is paid in installments or at maturity. (See Interest Only Note.)
Keywords:  interest, loan, see
See Interest-Only Loan.