Installment note
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An installment note[1] is a form of promissory note calling for payment of both principal and interest in specified amounts, or specified minimum amounts, at specific time intervals. This periodic reduction of principal amortizes the loan.
References
[edit]- ^ Conrad, Shaun. "What is an Installment Note? - Definition | Meaning | Example". myaccountingcourse.com. Retrieved 23 June 2025.
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