Definition of Ironclad note

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TeachMeFinance.com - explain Ironclad note




historic definition...

Ironclad note -- A name given to the form of note required by banks and other lenders of money from borrowers who furnish collateral security ; the correct name is collateral note



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".


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