Exchange Currency

notes payable

An unconditional promise made by a party in a contract to repay a debt at a specified time or on demand under definite terms. Or, this can be an amount an organization owes in loans to others.

Related information about notes payable:
  1. Accounting Principles II: Notes Payable
    Notes payable represent obligations to banks or other creditors based on formal written agreements. A specific interest rate is usually identified in the ...
     
  2. Accounting Principles II: Understanding Notes Payable
    A liability is created when a company signs a note for the purpose of borrowing money or extending its payment period credit. A note may be signed for an ...
     
  3. What is the difference between Notes Payable and Accounts ...
    While both of these are liabilities, Notes Payable involves a written promissory note. For example, if your company wishes to borrow $100000 from its bank, the.
     
  4. What is notes payable? definition and meaning
    Definition of notes payable: Written promises to pay stated sums of money at future dates, classified as current (if due within 12 months) or non-current (if due ...
     
  5. Notes Payable and Accounts Payable
    Notes payable usually result from companies buying merchandise or property, plant, and equipment. For example, assume the Nicholas Corporation purchases ...
     
  6. Promissory note - Wikipedia, the free encyclopedia
    A promissory note is a negotiable instrument, wherein one party (the maker or issuer) makes an unconditional promise in writing to pay a determinate sum of ...
     
  7. Notes payable - Legal Dictionary - The Free Dictionary
    A written, signed, unconditional promise to pay a certain amount of money on demand at a specified time. A written promise to pay money that is often used as a ...
     
  8. Notes Payable
    Notes Payable. A. Interest Expense. Principal x Rate x Time = Interest Expense. B . Illustration of Notes Payable. On November 1, Max Company borrows ...