Sold note

SOLD NOTE, contracts. The name of an instrument in writing, given by a broker to a buyer of merchandise, in which it is stated that the goods therein mentioned have been sold to him. 1 Bell's Com. 5th ed. 435 Story on Ag. Sec. 28. Some confusion may be found in the books as to the name of these notes; they are sometimes called bought notes. (q.v.)