Definition of Notes payable:
Written promises to pay stated sums of money at future dates, classified as current (if due within 12 months) or non-current (if due after 12 months) of the balance sheet date.
How to use Notes payable in a sentence?
- The notes payable were useful in presenting our current fiscal situation to the new contractors who were analyzing our situation.
- Knowing what your notes payable are will tell you how much money your business owes to other people or companies.
- The company requested that the notes payable that they had previously agreed on be amended due to changes in circumstances.
Meaning of Notes payable & Notes payable Definition