note payable

Also found in: Thesaurus, Legal, Financial, Encyclopedia, Wikipedia.
Related to note payable: promissory note
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.note payable - a note promising to pay a certain amount of money at a certain time
note of hand, promissory note, note - a promise to pay a specified amount on demand or at a certain time; "I had to co-sign his note at the bank"
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
The purchase price is payable through cancellation of IIU's $1.5M promissory note held by the company with the balance of the purchase price paid through issuance of the company's convertible promissory note payable in common stock of LM Funding, at a conversion price of $2.41 per share, subject to shareholder approval, or cash.
In a typical ESOP scenario, the company "redeems" stock from the owner in exchange for cash on its balance sheet and/or borrowed from a bank and a note payable over an agreed amount of time.
The acquisition was funded with a combination of USD 295m of cash (net of estimated cash acquired and funded by borrowings under Oil States' amended revolving credit facility), the issuance of 8.66m shares of Oil States' common stock (valued at approximately USD 295m based on Oil States' share price at closing), a USD 25m unsecured promissory note payable to the sellers, bearing interest at 2.5% per annum maturing in July 2019, and other closing adjustments, for total consideration of approximately USD 615m.
The transaction values Porous Technologies at USD 296.8m, of which (of which USD 283.6m in cash and USD 6.6m in the form of a promissory note payable three years from completion), free of cash and debt.
(USMJ) said it has reduced the company's convertible debt by USD1.2 million, and entered into a preliminary agreement expected to improve the balance sheet with the addition of a USD1 million note payable in exchange for the sale of an asset associated with legacy operations.
The company said that settlement under the transaction will be made through the buyer taking over external debt, including operational and financial leasing of approximately SEK70m, SEK90m in cash at closing and with the remaining amount after adjustments for working capital, variable component amongst others being settled through an interest bearing vendor note payable after 36 months.
The increase of interest costs of $904,177 was due to the additional long term debt of the seller's note payable and the increase of the note payable -- revolver on the increased accounts receivable resulting from the acquisition of assets and derivative expenses.
ENRC has agreed to pay First Quantum $1.25bn consisting of $750m and $500m in the form of a three-year promissory note payable in arrears with an interest coupon of 3%.
Under the terms of the deal, Harry Winston will get $50 million cash, approximately 7.1 million Harry Winston common shares worth about $100 million and a note payable in the amount of $70 million.
Of the total consideration USD29.7m was in cash and USD9m was in the form of a note payable due on 4 September 2010, bearing interest at the rate of 5% per annum and guaranteed by Kofax's bank.