Sentence examples for note payable from inspiring English sources
noun
Synonym of promissory note
U.S. Note means a promissory note payable by the obligor to the United States.
"A debtor entering bankruptcy might purchase a junkyard car for a song plus a $10 promissory note payable over several years," Justice Scalia wrote.
The Chinese carmaker paid $1.3 billion cash for Volvo on Monday and issued a $200 million note payable to Ford to complete the acquisition.
In exchange, petitioners executed an adjustable rate note payable to the bank and secured by a deed of trust on the residence.
The Zhejiang Geely Holding Group, based in Hangzhou, agreed to pay $1.8 billion for Volvo, with $1.6 billion in cash and the rest in a note payable to Ford.
The company plans to use the proceeds to repay a portion of a note payable to a unit of Sara Lee that it will assume in separating from Sara Lee.
There were bonds that matured in 20 years, interest-bearing Treasury notes payable in three years and notes that bore no interest but were payable on demand.
Commercial bank lending appears on the balance sheet as notes payable and is second in importance to trade credit as a source of short-term financing.
The manufacturers sell their diners on the installment plan 25% down and the balance monthly, in notes payable over a period of as long as three years.
Leap said if the lenders accelerated the loans, its note holders could declare their notes payable, and the company would probably file for Chapter 11 bankruptcy.
The charges stem from reserves for notes payable to Sylvan by Caliber and lease obligations guaranteed by Sylvan, the company said.
