promissory note

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Promissory note

Written pledge to pay.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Promissory Note

A written promise made by one party to make a stated payment in full by a certain date. A promissory note is a binding, legal contract.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

promissory note

See note.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

promissory note

A binding contract—promise—to pay a definite sum of money to someone upon specified terms and conditions.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
In the example of borrowing money, both Cash and Notes Payable increased.
Liabilities and stockholders' equity Current liabilities Notes payable 267,000 Withholding payable 2,000 Other liabilities Other liabilities 3,000 Accounts payable-specialty groups 740,000 Hospital risk pool assessment 100,000 Total current liabilities 1,112,000
The company will use the net proceeds to repay in full outstanding notes payable to FWW BV, contribute to Frank's International CV and for general corporate purposes.
The transaction, worth a total USD12m (EUR8.4m), comprises USD5.4m paid at completion, USD4.8m in seller notes payable over the next three years and USD1.8m depending on some integration milestones.
Determining net financing inflows by subtracting the beginning balance in notes payable from the ending balance would result in the statement of cash flows inappropriately netting cash receipts and payments.
Net proceeds were about USD711.9m after underwriting discounts and estimated offering expenses, which will be partly used to repay in full the outstanding aggregate of USD415.4m notes payable to FWW BV (FWW), as of 30 June 2013.
In fact, this rule may allow taxpayers to avoid the borrowing in anticipation of restriction, yet accomplish the same economic result through the transfer of other liabilities unrelated to the exchange (such as accounts payable and other notes payable.) However, the price for this simplicity may be that gain might now be recognized
Also, cash and cash equivalents for the quarter are expected to be approximately USD821m, as of 4 May 2013, with total debt expected to be approximately USD3.818bn on the same day, including amounts outstanding on the revolving credit facility of USD850m, long-term debt of USD2.868bn and capital leases and notes payable of USD100m.
In addition, the company said it plans to prepay USD60m of its outstanding unsecured notes payable with an average interest rate of 8.79%.
Office products company Staples Inc (Nasdaq: SPLS) announced on Monday the pricing of its public offering of USD500m aggregate principal amount of its senior notes due 12 January 2018, at 2.75% coupon, and USD500m aggregate principal amount of its senior notes due 12 January, 2023, at 4.375% coupon, with interest on the notes payable in cash on a semi-annual basis.