note payable


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Related to note payable: promissory note

Note Payable

A document stating that a borrower has promised to repay some debt on or by some future date. It is listed as a liability on the borrower's balance sheet and may be either current or non-current.

note payable

A debt owed to a lender and evidenced by a written promise of payment. Note payable, an entry on the liabilities side of many corporate balance sheets, indicates that a certain dollar amount of loans will be repaid to the lenders at a future time.
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Krone Mace is acquiring the Company's equity position and assuming a Note Payable of $250,000.
TORONTO -- Hornby Bay Exploration Limited (TSX VENTURE:HBE) is pleased to announce that the company has repaid in full the Note Payable of $2,039,474 incurred in 2003 to post a refundable deposit with the Government of Canada in order to secure its mineral claims in Nunavut.
A $210,000 no-interest bearing note payable will become due and payable to Falconbridge over a period of five years in the event that the commercial production is achieved from any part of the properties owned by MNCM.