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.
Shares of AuroraCannabis fell Thursday morning after the company said that it raised 33.8 million Canadian dollars ($25 million) by way of a bought-deal financing to repay its convertible senior notes.
Finally, it was especially rewarding to complete the convertible debenture financing in July to further strengthen our balance sheet, particularly in such a challenging credit market ...Accounts receivable (Note18) ... Warrants receivable (Note 13.2) ... Biological assets (Note 3) ... Inventory (Note 4) ... Convertible debentures (Note 11.1 and Note 11.2) ... NOTES..
EDMONTON — Shares of AuroraCannabisInc ... Aurora says it plans to use the money raised to repay the remainder of its outstanding convertible senior notes at or prior to maturity ... 28, 2023. Companies in this story. (TSX.ACB) ... .
The promissory note bears no interest and is convertible into the Company's units (with each unit consisting of one ordinary share, and one warrant to purchase one ordinary share) at a price of $10.00 per unit at the closing of a business combination by the Company.
By Adriano Marchese. Toronto stocks were solidly higher on Thursday at midday, reversing course from Wednesday's trading which saw major indexes dip below levels seen at the start of the year ... cents), after the company said that it raised C$33.8 million by way of a bought-deal financing to repay its convertible senior notes. Other market movers. ... .
... through extensive notes and craft follow-up emails to keep projects and people aligned. Instead, Chorus can automatically convert notes and action items from the meeting into ready-to-send email drafts, making post-meeting communication with stakeholders easier and more efficient.
Engoron noted that Trump’s expert had said he could “dream up” some wealthy people, like Elon Musk and Bill Gates, who might buy Mar-a-Lago for more than $1.5 billion ... have the potential at some point in the future to be converted into unencumbered by rent stabilization units.”.
MADISON, Wis., Sept ...City of Madison's common council will hear this appeal next week on October 3rd, 2023 ... Barnes ... Resources ... Consideration of a conditional use in the Commercial Corridor-Transitional (CC-T) District for a multi-family dwelling with greater than 60 units to convert a three story motel into an apartment building with 135 units ... Note.
Is it faster to drive or walk to the University of Tennessee? Two reporters experiment ...New school year, same old parking ... We decided to test it ... You do the math ... On Sept ... *Editor's note. In his haste to win, Keenan realized later the lot he parked in had been converted to noncommuter since he graduated, thus breaking one of the rules of the challenge.
Reports from users have indicated that upon launching the Binance mobile application, a prompt automatically appears, suggesting users convert their fiat balances into cryptocurrencies ... It is worth noting that Binance’s move to encourage users to convert their fiat holdings into cryptocurrencies aligns with a broader industry trend.