A notice given to one who has bought on credit of the due date of his obligation to pay.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • prompt note — ➔ note1 * * * prompt note UK US noun [U] FINANCE ► a document sent to the buyer of a product or service to remind the buyer of the the date on which payment for the product is due: »The time limit is given in the prompt note …   Financial and business terms

  • Prompt-note — n. (Com.) A memorandum of a sale, and time when payment is due, given to the purchaser at a sale of goods. [1913 Webster] …   The Collaborative International Dictionary of English

  • prompt-note — promptˈ note noun (commerce) A reminder note of the time limit for a payment • • • Main Entry: ↑prompt …   Useful english dictionary

  • prompt note — noun Etymology: prompt (IV) : a memorandum of a sale given by a seller to a purchaser specifying the sum to be paid and the time when payment is due * * * prompt note, a note reminding a person of the date a loan is due …   Useful english dictionary

  • prompt note — noun a note sent as a reminder of payment due …   English new terms dictionary

  • Prompt — Prompt, n. (Com.) A limit of time given for payment of an account for produce purchased, this limit varying with different goods. See {Prompt note}. [1913 Webster] To cover any probable difference of price which might arise before the expiration… …   The Collaborative International Dictionary of English

  • Note — Debt instruments with initial maturities greater than one year and less than 10 years. The New York Times Financial Glossary * * * ▪ I. note note 1 [nəʊt ǁ noʊt] noun 1. [countable] BANKING a piece of printed paper that is used as money; …   Financial and business terms

  • note — debt instruments with initial maturities ( maturity) longer than one year and shorter than 10 years. Bloomberg Financial Dictionary * * * ▪ I. note note 1 [nəʊt ǁ noʊt] noun 1. [countable] BANKING a piece of printed paper that is …   Financial and business terms

  • prompt — adj., adv., v., & n. adj. 1 a acting with alacrity; ready. b made, done, etc. readily or at once (a prompt reply). 2 a (of a payment) made forthwith. b (of goods) for immediate delivery and payment. adv. punctually (at six o clock prompt).… …   Useful english dictionary

  • prompt — promptly, adv. promptness, n. /prompt/, adj., prompter, promptest, v., n. adj. 1. done, performed, delivered, etc., at once or without delay: a prompt reply. 2. ready in action; quick to act as occasion demands. 3. quick or alert: prompt to take… …   Universalium

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