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.
As consideration for its financing commitments regarding the PrivateConvertibleBonds and the exchangeable notes, Santhera has issued to Highbridge an aggregate of 2.5 million warrants, each of which is exercisable for one Santhera share at an exercise price of CHF 2.00 at any time upon issuance for a period of five years. .
"The package provides a huge relief to VIL for the next four years as the annual cash outgo toward government dues will reduce from Rs 253 billion starting in FY23E to Rs 31 billion, with an option of converting the same into equity for the government," the note said.
A homeless man armed with a reciprocating saw recently cut the catalytic converter from a church-owned truck outside the TrinityGospelChurch inCanton...AAA has noticed an increase in insurance claims and automotive repair requests related to stolen catalytic converters and noted that not every car is covered by insurance.
Petito and her boyfriend, Laundrie, left in July on a cross-country trek in a converted van to visit national parks in the U.S.West... 1 ... Moab police ultimately decided not file any charges and instead separated the couple for the night, with Laundrie checking into a motel and Petito remaining with the converted sleeper van. Note to readers ... .
... improved versions of the materials and provide teachers with support through Notes to Teachers ... San Antonio also noted that the “quality-assured modules are already converted into different formats and are used as the basis” for the DepEd TV and the DepEd radio-based instruction.
Petito, 22, vanished while on a cross-country trip in a converted camper van with her boyfriend ... The pair left in July on a cross-country trek in a converted van to visit national parks in the U.S ... into a motel and Petito remaining with the converted sleeper van. Note to readers.
MOOSE, Wyo ... The pair left in July on a cross-country trek in a converted van to visit national parks in the U.S.West... 1, police said ... Moab police ultimately decided not file any charges and instead separated the couple for the night, with Laundrie checking into a motel and Petito remaining with the converted sleeper van. Note to readers ... .
X Register for free to receive latest news stories direct to your inbox. Register ... “I would like to thank our shareholders for their continuing support, and particularly our loan note holders for their commitment to the company over many years, and for agreeing to convert their loans into the capital of ZOO prior to the end of September 2021 ... .
MOOSE, Wyo ... The pair left in July on a cross-country trek in a converted van to visit national parks in the U.S.West... 1, police said ... Moab ultimately police decided not file any charges and instead separated the couple for the night, with Laundrie checking into a motel and Petito remaining with the converted sleeper van. Note to readers ... Disclaimer ... .
BOULDER, Colo.--(BUSINESS WIRE)--Sep 20, 2021--. Clovis Oncology, Inc. (NASDAQ.CLVS) announced today that it has paid off in full at maturity the remaining $64.4 million in principal amount outstanding of its 2.50% convertible senior notes due 2021 ... Mahaffy, President and CEO of Clovis Oncology ... Each of these supports our three key strategies ... CONTACT.
“There was a nice, steady flow of people, all greeted by VickiMartin and her wonderful smile, along with members from BuddyPower Promotions,” noted CherryFisher, member of Buddy Power Promotions ... “In 2013, the Scottsville Post Office was converted to a remotely managed Post Office, under the direction of the Marshall Post Office,” noted Fisher.
18 at Otterbein ...JCU is 1-1 and 1-0 in the Ohio Athletic Conference as things get amped up to 10 on Sept ... Keyshawn Colmon was JCU’s leading receiver with three catches for 50 yards, but of note was Mentor graduate and tight end Tadas Tatarunas — who recently converted from quarterback — getting his first college reception on a 16-yard catch.
The Supreme Court has quashed criminal proceedings against a man accused of forcible conversion, noting that the person who was stated to have been forced to convert to Christianity has denied the allegation ... According to his own version neither was he forcibly converted nor had the appellant contacted him at any juncture, it observed.