Dotted note note is used less frequently than the dotted note. Typically, as in the example to the right, it is followed by a note whose duration is one-quarter the length of the basic note value, completing the next higher note value. Before the mid 18th century, double dots were not used. Until then, in some circumstances, single dots could mean double dots. In a French overture (and sometimes other Baroque music), notes written as dotted notes are often interpreted to mean double-dotted notes, and the following note is commensurately shortened; see Historically informed performance. A triple-dotted note is a note with
Clap note Clap note Clap note is an unofficial shorthand term describing an interest-only financing tool used by certain institutional investors, such as major corporations for the purpose of funding new real-estate acquisitions. The instrument is called a ‘clap note’ because it provides the same interest rate ‘out of two different hands’ (“it takes two hands to clap”). For example, a so-called “10/10 Clap Note” is one that is sold at a 10% discount on the face value while simultaneously paying 10% annual interest. The investor in a $100,000 10/10 clap note can buy the note at a discount of 10%, or