A promissory note
is a legal instrument (more particularly, a financial instrument), in which one party (the maker or issuer) promises in writing to pay a determinate sum of money to the other (the payee), either at a fixed or determinable future time or on demand of the payee, under specific terms. If the promissory note is unconditional and readily salable, it is called a negotiable instrument.
Referred to as a note payable in accounting (as distinguished from accounts payable), or commonly as just a "note", it is internationally defined by the Convention providing a uniform law for bills of exchange and promissory notes, although regional variations exist. A banknote is frequently referred to as a promissory note: a promissory note made by a bank and payable to bearer on demand. Mortgage notes are another prominent example.
Promissory notes are a common financial instrument in many jurisdictions, employed principally for short time financing of companies. Often, the seller or provider of a service is not paid upfront by the buyer (usually, another company), but within a period of time, the length of which has been agreed upon by both the seller and the buyer. The reasons for this may vary; historically, many companies used to balance their books and execute payments and debts at the end of each week or tax month; any product bought before that time would be paid only then. Depending on the jurisdiction, this deferred payment period can be regulated by law; in countries like France, Italy or Spain, it usually ranges between 30 to 90 days after the purchase.
High-denomination currency (i.e., banknotes with a negotiable face value of $500 or higher) had been used in the United States since the late 18th century. The first $500 note was issued by the Province of North Carolina, authorized by legislation dated May 10, 1780.Virginia quickly followed suit and authorized the printing of $500 and $1,000 notes on October 16, 1780 and $2,000 notes on May 7, 1781. High-denomination notes were also issued during the War of 1812 ($1,000 notes authorized by an act dated June 30, 1812), as well as the American Civil War Confederate currency ($500 and $1,000). During the Federal banknote issuing period (1861 to present), the earliest high-denomination notes included three-year Interest-bearing notes of $500, $1,000, and $5,000, authorized by Congress on March 2, 1861. In total, 11 different types of U.S. currency were issued in high-denomination notes across nearly 20 different series dates.
The obverse of United States banknotes generally depict either historical figures, allegorical figures symbolizing significant concepts (e.g., liberty, justice), or a combination of both. The reverse designs range from abstract scroll-work with ornate denomination identifiers to reproductions of historical art works.
A convertible security is a security that can be converted into another security. Convertible securities may be convertible bonds or preferred stocks that pay regular interest and can be converted into shares of common stock (sometimes conditioned on the stock price appreciating to a predetermined level). Warrants are equity convertible securities. They give the owner the option to buy newly issued shares at a determined exercise price and date. Equity capital notes are similar to warrants, except that there is no exercise price.
Tablets can be classified according to the presence and physical appearance of keyboards. Slates and booklets do not have a physical keyboard and typically feature text input performed through the use of a virtual keyboard projected on a touchscreen-enabled display. Hybrids, convertibles and 2-in-1s do have physical keyboards (although concealable or detachable), yet they typically also make use of virtual keyboards.
Convertibility is the quality that allows money or other financial instruments to be converted into other liquidstores of value. Convertibility is an important factor in international trade, where instruments valued in different currencies must be exchanged.
Freely convertible currencies have immediate value on the foreign exchange market, and few restrictions on the manner and amount that can be traded for another currency. Free convertibility is a major feature of a hard currency.
Some countries pass laws restricting the legal exchange rates of their currencies, or requiring permits to exchange more than a certain amount. Some currencies, such as the North Korean won, the Transnistrian ruble and the Cuban national peso, are officially nonconvertible and can only be exchanged on the black market. If an official exchange rate is set, its value on the black market is often lower.
Convertibility controls may be introduced as part of an overall monetary policy. For example, restrictions on the Argentine peso were introduced during an economic crisis in the 1990s, and scrapped in 2002 during a subsequent crisis.
HALO) ("Halozyme" or the "Company"), a leader in converting IV biologics to subcutaneous delivery, today announced the pricing of $700 million aggregate principal amount of its convertible senior notes due 2027 (the "Convertible Notes") ... Holders of the Convertible Notes will have ...
Vander Veen also noted a property owner could convert their home into two-, three- or four-unit housing and later sell the building to a different person who may or may not want to live there ...There are three clusters where a large proportion of properties on a block would be eligible to convert to duplexes under the proposed UDO changes.
(2) Non GAAP adjustment represents the exclusion of shares that are issuable upon conversion of our convertible notes due to the expectation that such shares will be offset by the convertible note hedge transactions entered into in August 2020 and September 2018.
As ofDecember 31, 2020, the Company had cash and cash equivalents of $170.7 million.During the fourth quarter of 2020, the Company repaid $653.4 million in principle under its $1.075 billion 11.5% term loan (the "AcquisitionTerm Loan") using the proceeds from the issuance of ...
Concurrent with the closing, the Company announced the extinguishment of its legacy secured convertible notes ... Extinguishment of Legacy Secured ConvertibleNote.. In conjunction with closing on the Capital Facility, the Company's legacy secured convertible note has been extinguished.
Strengthened balance sheet, with ~$300 million equity offering and extension and partial conversion of existing convertible notes ... In the first half of 2020, Rocket entered into two privately negotiated agreements with certain holders of its outstanding 5.75% ConvertibleSenior Notes due 2021.
Pursuant to the terms of the senior convertible notes, the Company forced the conversion of all $5.0 million in principal of such notes into 1,666,667 shares of the Company’s common stock ... on its convertible promissory note into 4.0 million shares of the Company’s common stock.
NicholasMeat held a video news conference Wednesday and noted it was unclear when operations would resume ... Hiller noted recent approval of a sustainable resource facility which will also convert FPR into renewable energy ... It noted options were outlined in the manual mentioned in the company’s news conference.
Otter.ai’s AI-powered collaborative note-taking and productivity app work seamlessly with video conferencing platforms like and and with phone calls and other voice communications. The round includes a $10 million convertible note ...Download the Otter Voice Meeting Notes app for free at , or .Start a.
See the music and the notes come alive.” Along with converting your family names into music with “How Does Your NameSound,” there’s new technology for restoring color to old photos, programs that decipher handwriting for indexing purposes, and interactive education games, among others.
Up to €2.5 million of the total Pacira investment will be in the form of a convertible note ... (1) Relates to our 2.375% convertible senior notes due 2022. These notes are classified as ... (2) Relates to our 0.750% convertible senior notes due 2025 that are not currently convertible.