Meaning of the word "note payable" in English
What does "note payable" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
note payable
US /noʊt ˈpeɪəbl/
UK /noʊt ˈpeɪəbl/
Noun
1.
a written promise to pay a specified amount of money at a definite time, usually with interest
Example:
•
The company issued a note payable to the bank for the loan.
•
Our balance sheet shows a significant amount of notes payable.
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