New York Special Term Note of Issue is a type of financial instrument used to raise short-term capital. It is issued by corporations and governments and is typically structured as a promissory note where the borrower agrees to repay the principal and interest on a specific date. There are three main types of New York Special Term Note of Issue: single-payment notes, demand notes, and installment notes. Single-payment notes are due on a single date and are typically issued for a period of a few months. Demand notes are due on demand, meaning they can be called upon by the issuer at any time. Lastly, installment notes are paid in multiple installments over a period of time. All types of New York Special Term Note of Issue are typically secured by collateral, have a fixed interest rate, and come with a maturity date.
New York Special Term Note of Issue is a type of financial instrument used to raise short-term capital. It is issued by corporations and governments and is typically structured as a promissory note where the borrower agrees to repay the principal and interest on a specific date. There are three main types of New York Special Term Note of Issue: single-payment notes, demand notes, and installment notes. Single-payment notes are due on a single date and are typically issued for a period of a few months. Demand notes are due on demand, meaning they can be called upon by the issuer at any time. Lastly, installment notes are paid in multiple installments over a period of time. All types of New York Special Term Note of Issue are typically secured by collateral, have a fixed interest rate, and come with a maturity date.
