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.
ARRY) (the “Company” or “Array”) today announced that, subject to market conditions, it intends to offer $325 million in aggregate principal amount of convertible senior notes due 2028 (the “Notes”) in a private placement (the “Offering”) to eligible purchasers under Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”).
The latest was a trip into the past with only students and some friends of the program invited to join in ...MarcusCarr, a senior who transferred to Texas from Minnesota, scored a season-high 19 points, converting 4 of 7 3-pointers ... He had converted only 3 of 13 3-pointers. Noting that, Sam Houston coach Jason Hooten wanted Carr to shoot 3-pointers.
When play resumed, Hallatt hit a basket 22 seconds later to trim his team's deficit to 15-8, but Campbell converted a traditional three-point play, hit another bucket, and Stevens drained a shot from behind the arc for an 8-0 Raider run and 23-8 lead, and the Vikings called another timeout with 2.55 remaining before halftime.
Para-Badminton athlete Sukant Kadam has had a journey along these lines and has started his ultimate goal of 'Paris 2024' on a fabulous note with a gold medal win in Uganda... It was a heartbreak for sure but the journey to Paris has begun on a happy note winning in Uganda, a gold medal after a gap of two years.
The financing proposal will include a mix of new equity, convertible notes and debt, the group said in a statement, adding that it intends to launch an $800 million equity rights offering to shareholders upon ...
She notes it’s also different from cases where a name is converted into a common, lowercase noun to describe an object (as in “I must use the john”) ... His sister posted a video to Twitter, noting “when Karens take a walk with their dogs off leash ” and linking the woman (whose name was not Karen) to racism.
Augustus Jr ... Augustus in a report to the council noted the untapped levy capacity allows for future financial flexibility ... And of those three that increased, the 72% increase in theft of motor vehicle parts was due largely to a spree of catalytic converter thefts. Augustus noted that those theft appear to have all but stopped since the Oct ... .
... shares outstanding during the periods, including the dilutive effects of convertible redeemable preferred shares and convertible senior notes as determined under the if-converted method, and dilutive effect of share-based awards as determined under the treasury stock method.
On a positive note, the ... The ConsolidatedGroup ended the quarter with an improved cash position of MYR 401 million due to cash proceeds from the Fly Leasing divestment, funds from the convertible loan note into BigPay (AirAsia's e-wallet) and tight ongoing control of costs.
In addition, the Company announces the following amendments to three previously issued convertible promissory notes that were disclosed in the Company's news release on October 6, 2021 ... To the extent that the amendments of the convertible promissory notes may be deemed for the purposes of the U.S.