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Note Receivable

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Note Receivable
A debt that a borrower had not yet repaid. Notes receivable are listed as assets on the lender's balance sheet.

note receivable
A debt due from borrowers and evidenced by a written promise of payment. Note receivable, an entry on the asset side of many corporate balance sheets, indicates the dollar amount of loans due to be repaid by borrowers.


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1221(a)(4) is to prevent a potential character mismatch between the ordinary gain or loss resulting from the sale of inventory or provision of services by the taxpayer and the resulting gain or loss from the sale of the underlying account or note receivable received as consideration in the initial sale.
In addition, he oversees the company's distributor note receivable portfolio and share repurchase plan.
The deal was comprised of US$15 million in cash financed by a Panamanian bank and a US$5 million note receivable, Chiquita said.
 
 
 
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