note payable
- noun
- /noʊt ˈpeɪəbl/
- Specialized
:
pagaré
Examples
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These liabilities of the banks were loaned into existence by the banks in a transaction where you signed your note payable to the bank (like when you buy a car on credit), and the bank created, by bookkeeping entry, a checking account for you (out of thin air).
Blog text (16) -
The small business secured a loan by signing a note payable for $10,000 that must be repaid within a year.
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When preparing the financial statements, the accountant noted that the note payable had a maturity date of December 15th.
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After reviewing the terms, the startup agreed to a note payable that outlined the repayment schedule for their funding.
Synonyms
173
1.5
A paper bill used as money or a written promise to pay money
6
7.0
A written promise to pay money to a named person or holder, payable on demand and sometimes later
1
7.1
A written promise to pay money when the lender asks
A written promise to pay money on a specific date
A written promise to pay a set amount of money when asked or at a fixed time
A short written note that says someone owes or will pay money
How Long
Surface Forms
Morphology
The meaning is directly compositional: a 'note' as a written promise combined with 'payable' meaning it must be paid, so it denotes a written promise that requires payment at a specified time. Although it's a technical financial term, the sense follows transparently from the two constituents and would be recoverable by a B1 learner who knows both words.
Etymology
Note payable comes from old business papers where a note was a short written promise and payable showed when the money must be paid. So a note payable is a document that promises 'to pay a certain amount by a certain date'.