NOTE, v. To make a brief written statement; to enter a memorandum; as to note an exception. Black’s Law Dictionary, 4th Ed.
NOTE, n. A unilateral instrument containing an express and absolute promise of signer to pay to a specified person or order, or bearer, a definite sum of money at a specified time. Shawano Finance Corporation v. Julius, 214 Wis. 637, 254 N.W. 355. An abstract, a memorandum; an informal statement in writing. Road Improvement Dist. No. 4 of Cleveland County v. Southern Trust Co., 152 Ark. 422, 239 S.W. 8, 11; American Nat. Bank v. Marshall, 122 Kan. 793, 253 P. 214, 215. See Bought Note; Notes; Judgment Note; Promis- sory Note; Sold Note. Black’s Law Dictionary, 4th Ed.
NOTE A BILL. When a foreign bill has been dis- honored, it is usual for a notary public to present it again on the same day, and, if it be not then paid, to make a minute, consisting of his initials, the day, month, and year, and reason, if assigned, of non-payment. The making of this minute is called “noting the bill.” Wharton. Black’s Law Dictionary, 4th Ed.
NOTE OF A FINE. In old’ conveyancing, one of the parts of a fine of lands, being an abstract of the writ of covenant, and the concord; naming the parties, the parcels of land, and the agreement. 2 Bl.Comm. 351. Black’s Law Dictionary, 4th Ed.
NOTE OF ALLOWANCE. In English practice, a note delivered by a master to a party to a cause, who alleged that there was error in law in the rec- ord and proceedings, allowing him to bring error. Black’s Law Dictionary, 4th Ed.
NOTE OF HAND. A popular name for a promis- sory note. Perry v. Maxwell, 17 N.C. 496; Hop- kins v. Holt, 9 Wis. 230. Black’s Law Dictionary 4th Ed.
NOTE OF PROTEST. A memorandum of the fact of protest, indorsed by the notary upon the bill, at the time, to be afterwards written out at length. Black’s Law Dictionary 4th Ed.
NOTE OR MEMORANDUM. Under statute of frauds, an informal minute or memorandum made on the spot. Clason v. Bailey, 14 Johns., N.Y. 492. It must contain all the essential elements and substantial parts of the contract. Stanley v. A. Levy & J. Zentner Co., 60 Nev. 432, 112 P.2d 1047, 1053. Black’s Law Dictionary 4th Ed.
NOTES. In practice, memoranda made by a judge on a trial, as to the evidence adduced, and the points reserved, etc. A copy of the judge’s notes may be obtained from his clerk. Black’s Law Dictionary 4th Ed.
“Federal Reserve Notes are the currently issued banknotes of the United States dollar. The United States Bureau of Engraving and Printing produces the notes under the authority of the Federal Reserve Act of 1913 and issues them to the Federal Reserve Banks at the discretion of the Board of Governors of the Federal Reserve System. The Reserve Banks then circulate the notes to their member banks, at which point they become liabilities of the Reserve Banks and obligations of the United States.
Federal Reserve Notes are legal tender, with the words “this note is legal tender for all debts, public and private” printed on each note. The notes are backed by financial assets that the Federal Reserve Banks pledge as collateral, which are mainly Treasury securities and mortgage agency securities that they purchase on the open market by fiat payment.”
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