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TeachMeFinance.com - explain Blue note historic definition... Blue note -- This is a term sometimes applied to the note given when a loan on call is obtained. The note is so called because it is frequently printed on blue paper to make it easily distinguishable from a note given for a time loan, which is almost invariably printed on white paper. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.