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Installment note

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This is an old revision of this page, as edited by Tony1 (talk | contribs) at 09:04, 24 June 2013 (Tony1 moved page Installment Note to Installment note). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

An installment note 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.