Legal Definitions - post note

Definition: A type of banknote that is payable at a future time instead of on demand.

Example: A person borrows money from a bank and agrees to pay it back in six months. The bank gives the person a post note, which is a written promise to pay the money back in six months.

This example illustrates the definition because the post note is a type of banknote that is payable at a future time, in this case, six months from the date it was issued.