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.
... has converted school hostel blocks into a COVID-19 treatment centre as a non-profit venture In a press note, Cytecare stated that the 120-bed Covid treatment centre has been developed by converting the Canadian International School's hostel into a step-down hospital.
The court further called for 'every endeavour' in Tamil Nadu and Puducherry to ensure that abandoned or disused places are converted into makeshift hospitals to augment the number of beds available for Covid patients. The bench also noted that there are 'some murmurs ...
Utica, N.Y ... On Jan. 5, the county ran its first vaccination point of distribution (POD) ... The site is state-run ... On that note and in partnership with Cree-Wolfspeed, Picente announced that Oneida CountyGovernment will pledge to convert 50% of its fleet to electric vehicles by 2031 and update the county’s electric vehicle charging station plan ... ....
Humboldt County law enforcement agencies are seeing a rise in catalytic converters being stolen from vehicles this year ...The office notes Toyota Prius models are the most targeted for this type of parts theft ... Beechel also noted there has been an overall spike in stolen catalytic converters statewide.
CRTD) ("Creatd" or the "Company"), is pleased to announce that it has closed a private placement of convertible notes and warrants, led by LindGlobalMacro Fund, L.P., an institutional investment fund managed by The Lind Partners, LLC, (together, "Lind"), for aggregate gross proceeds of $4.0 million.
MoneyGram has teamed up with Coinme enabling Bitcoin on/off ramping from physical locations in the United States, as per a release. Plans are in place to expand the setup to international markets later on this year ... It offers Bitcoin on/off ramping through Coinstar kiosks, which are typically used to convert change into paper notes ... ....
The decrease resulted primarily from a decrease in expenses related to the Company's outstanding convertible notes equal to $1.3 million.Cash, cash equivalents and short-term bank deposits were approximately $70.4 million on March 31, 2021 ...Convertible notes.
HONOLULU, May 14, 2021 /PRNewswire/ -- Cardax, Inc. (OTCQB.CDXI) reported its Q1 2021 results. Highlights.. Financial Results... Net loss increased from $1,002,868 in Q1 2020 to $1,382,118 in Q1 2021. ZanthoSyn� Sales ... Funding Activities. Cardax raised $661,359 in Q1 2021, primarily through notes and convertible notes, compared to $770,000 in Q1 2020 ... ....
Notes Payable, Current Portion1,026,552911,265. Convertible Note194,686150,683 ... Notes Payable - Related Party239,412226,659. Notes Payable, Net of Current Portion2,707,2582,597,935 ... Commitments and Contingencies (Note 11) ... Proceeds from Notes Payable700,9402,900,600. Payments on Notes Payable(286,537)(129,950).
MINNEAPOLIS, May 14, 2021 /PRNewswire/ -- Vireo HealthInternational, Inc ...As of March 31, 2021, the Company had 125,196,702 equity shares issued and outstanding on an as-converted basis, and 153,577,058 shares outstanding on an as-converted, fully diluted basis ... ... Notes receivable ... Notes receivable, long-term ... Convertible notes, net of issuance costs.
CannTrust ... Why's that? ... Let's get to it ... As M&A is expected to ramp up in the cannabis sector, Viridian analyst Jonathan DeCourcey named in a Thursday note 12 smaller to medium-sized companies likely to be acquired ... Read our story here.Cannabis company Holistic Industries raised $55 million through a convertible note, led by the Harbert Stoneview Fund.
Excluding the impact of this one-time non-cash interest charge, inducement charge and notes revaluation expense related to the convertible note, the net loss per share in the first quarter of 2020 was approximately $0.06;Generated 59% of revenue in the United States, 29% in ...
... of the Notes a 13-day option to purchase up to an additional $7.5 million aggregate principal amounts of the Notes ... View original content.http.//www.prnewswire.com/news-releases/braemar-hotels--resorts-announces-proposed-50-million-convertible-senior-notes-offering-301290369.html.
... additional Notes, solely to cover over-allotments. A portion of the net proceeds from the offering of the Notes will be used to repurchase $225 million in aggregate principal amount of Insmed's existing outstanding 1.75% ConvertibleSenior Notes due 2025 (the "2025 Notes").