note payable

A written, Contractual obligation to pay *money at a specified, future date. See also *promissory note.

Auditor's dictionary. 2014.

Look at other dictionaries:

  • note payable — ➔ payable * * * note payable UK US noun [C] (plural notes payable) ► ACCOUNTING, FINANCE a document that relates to money that a company owes, especially money that must be paid back within a year or less: »About $111 million in notes payable… …   Financial and business terms

  • note payable — noun a note promising to pay a certain amount of money at a certain time • Hypernyms: ↑note, ↑promissory note, ↑note of hand * * * noun (plural notes payable) 1. : a note of indebtedness of the maker …   Useful english dictionary

  • note — 1 n 1 a: a written promise to pay a debt; specif: promissory note in this entry bank note: a promissory note issued by a bank payable to bearer on demand but without interest and circulating as money cog·no·vit note /käg nō vit , kōg /: a note in …   Law dictionary

  • note, demand — n. A note payable on demand. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

  • note — 1. verb To make a brief written statement; to erjtera memorandum, as to note an exception 2. noun An instrument containing an express and absolute promise of signer (i.e. maker) to pay to a specified person or order, or bearer, a definite sum of… …   Black's law dictionary

  • payable — ready to be paid. Glossary of Business Terms * * * payable pay‧a‧ble [ˈpeɪəbl] adjective [not before a noun] 1. ACCOUNTING a bill, debt etc that is payable must be paid, often by a certain date: • Shareholders will receive a final dividend of… …   Financial and business terms

  • note of hand — noun a promise to pay a specified amount on demand or at a certain time I had to co sign his note at the bank • Syn: ↑note, ↑promissory note • Hypernyms: ↑debt instrument, ↑obligation, ↑certificate of indebtedness …   Useful english dictionary

  • note receivable — noun your right in a promissory note in which the maker promises to pay a certain amount of money at a certain time • Hypernyms: ↑note, ↑promissory note, ↑note of hand * * * noun (plural notes receivable) 1. : a note of a …   Useful english dictionary

  • payable on demand — A debt on a promissory note or bill of exchange which must be paid when demanded by the payee (the party to whom the debt is owed). Category: Business, LLCs & Corporations → Business Accounting, Bookkeeping & Finances Category: Business Cash Flow …   Law dictionary

  • Note — Debt instruments with initial maturities greater than one year and less than 10 years. The New York Times Financial Glossary * * * ▪ I. note note 1 [nəʊt ǁ noʊt] noun 1. [countable] BANKING a piece of printed paper that is used as money; …   Financial and business terms

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