An interest-beating note is a loan in which the lender deducts interest from the amount loaned before the money is advanced to the borrower.

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An interest-beating note is a loan in which the lender adds interest to the amount loaned, which the borrower is required to pay back in addition to the principal amount borrowed. This is the opposite of deducting interest from the amount loaned before advancing the money to the borrower.

An Interest-Beating Note Is a Loan in Which the Lender