Either a debt security issued with a short term until maturity of usually less than five years, or a legal contract where a borrower agrees to repay a loan with interest over a specific time frame or when asked. A Treasury note is issued by the U.S. government for short term funding needs, while a promissory note might document a private loan.
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Federal Home Loan Mortgage Corporation (Freddie Mac)
gold standard
primary dealer
legal tender
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