An "E note" is a type of electronic promissory note that serves as a digital version of a traditional promissory note. It is a legally binding document in which one party promises to pay a specific amount of money to another party at a designated time. E notes are often used in financial transactions, such as loans and mortgages, and can be easily created, signed, and stored electronically.
These notes utilize digital signatures and secure online platforms to ensure authenticity and security. E notes streamline the borrowing process, making it more efficient for both lenders and borrowers. They are part of the broader trend towards digital finance, which includes innovations like blockchain and cryptocurrency.