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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The total consideration for Alward was $2,857,000, payable $1,600,000 in cash, $1,000,000 in a note payable and $257,000 in EquiVision common stock.
FACT Corporation (OTCBB:FCTOA), an emerging nutrition solutions company, today announced that it has entered into an agreement with various third parties whereby FACT has transferred all of its rights and interest in a promissory note payable to FACT by a former subsidiary, Capital Reserve Canada Corporation (CRCL).
Upon the approval and closing of the Recapitalization, OESI will use the $5 million cash received from LFC to eliminate a note payable, plus interest, to its existing partner in PGV.
The balance of the purchase price was provided by the issuance of a $17,300,000 note payable with Wachovia Bank, National Association.