What term describes the day a note is issued?

The term that describes the day a note is issued is known as the "issue date." This terminology is commonly used in accounting and finance to identify the exact day when the financial instrument, such as a note, is created and formally comes into effect. The issue date is crucial because it marks the beginning of the note's term and is used when calculating interest and determining the maturity of the note.

The other terms, while related, refer to different aspects of the note. The "note date" could be perceived as synonymous with the issue date in some contexts but is less commonly used in formal terminology. The "maturity date" specifically denotes when the note will mature or reach the end of its term, at which point the principal amount and any accrued interest must be repaid. The "date of note" is not a standardized term in accounting or finance, making it less applicable in this context. Therefore, the correct answer reflects the industry standard used commonly to identify the commencement of a note's terms.