Demand Note

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The demand note is loan with no fixed term or set duration of repayment
The demand note can be recalled upon the lenders request
The demand note provides flexibility for the borrower so long as the lender does not call back the loan

*AND For Your Total Legal Protection, You will get these Additional* forms for FREE**
1. Balloon Note 2. Receipt

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The variable rate demand promissory note, also called a variable rate demand loan, is a debt instrument where the borrowed funds are payable on demand and accrue interest based on the market interest rate, such as the prime rate for instance.