Definitions
There is 1 meaning of the phrase
Note Payable.
Note Payable - as a noun
A note promising to pay a certain amount of money at a certain time
Example Sentences
"The business took out a note payable to finance the purchase of new equipment."
"I reviewed the company's financial statements and noticed a large note payable on their balance sheet."
"The note payable is due in six months, and we need to make sure we have enough cash to cover it."
"The bank issued a note payable to the borrower for the loan amount."
"The company acquired a competitor through a note payable arrangement."
