12 Possibilities
A note is a written undertaking by one party (the writer or maker) to pay a specified sum of money to a named party (the payee) or to the bearer (holder) of the note, on demand or on a stated date.
12 Things You Can Do with A Note
- Hold for investment
- Hold in a tax free IRA
- Sell for cash
- Exchange for Real Estate
- Use as a down payment for real estate
- Use security for a loan
- Use to pre-pay a debt
- Use to make a gift
- Use to reduce taxable income
- Use to divide assets in a business or domestic settlement
- Note can be sold entirely or partially
- A note balloon balance can be sold partially or entirely