noteholder Definition
a person or entity that holds a promissory note, which is a legal document that outlines the terms of a loan and the repayment schedule.
Using noteholder: Examples
Take a moment to familiarize yourself with how "noteholder" can be used in various situations through the following examples!
Example
The bank is the noteholder for my mortgage.
Example
The noteholder has the right to collect payments from the borrower.
Example
The company sold the promissory note to a new noteholder.
noteholder Synonyms and Antonyms
Summary: noteholder in Brief
'Noteholder' [noht-hohl-der] refers to a person or entity that holds a promissory note, a legal document outlining the terms of a loan and repayment schedule. Examples include banks holding mortgages and companies selling promissory notes to new noteholders. Synonyms include 'creditor,' 'lender,' and 'payee.'
