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.
Notes in perfumery are descriptors of scents that can be sensed upon the application of a perfume. Notes are separated into three classes; top/head notes, middle/heart notes, and base notes; which denote groups of scents which can be sensed with respect to the time after the application of a perfume. These notes are created carefully with knowledge of the evaporation process and intended use of the perfume. The presence of one note may alter the perception of another - for instance, the presence of certain base or heart notes will alter the scent perceived when the top notes are strongest, and likewise the scent of base notes in the dry-down will often be altered depending on the smells of the heart notes.
The idea of notes is used primarily for the marketing of fine fragrances. The term is sometimes used by perfumers to describe approximately scents or the perfumery process to laypeople.
Fragrant materials are listed by Poucher in order of volatility and are grouped under respective evaporation coefficients (perfume notes) that range from 1 to 100.
CNTMF), a vertically-integrated cannabis company operating under the Fluent™ brand, today announced that it has exercised its right to redeem up to the maximum of US$5 million of the convertible promissory notes (the "Notes") that were initially issued in the aggregate principal ...
Cansortium Redeems US$5 Million of Convertible Notes ...View original content to download multimedia.http.//www.prnewswire.com/news-releases/cansortium-redeems-us5-million-of-convertible-notes- 301286606.html.
ARAY) today announced that it has entered into privately negotiated agreements with the holders of its existing 3.75% senior convertible notes due 2022 (the "2022 Notes") to exchange an aggregate of $82.1 million principal amount of 2022 Notes for approximately $97.1 ...
ARAY) today announced that it has entered into privately negotiated agreements with the holders of its existing 3.75% senior convertible notes due 2022 (the '2022 Notes') to exchange an aggregate of $82.1 million principal amount of 2022 Notes for approximately $97.1 million ...
Convert Group noted there is a clear trend of market concentration, with larger pharmacies constantly getting much stronger than their smaller rivals, thanks to their greater purchase power, large investments in marketing and ...
“It is gratifying to note that despite the challenges that we were confronted with, 99,120 of the souls won were baptised in water ... Of this number, 69,398 were new converts, representing 70.01% of converts baptised in water ... During the period, 2,183 of the converts received water baptism and 723 were baptised in the Holy Spirit,” he said.
The Promissory Note had a maturity date of December 1, 2022; however, pursuant to the terms thereunder, Can Endeavour elected to convert the principal amount of the Promissory Note into 21,555,483 common shares of the Company at US$0.60 per share ... Note has been repaid in cash.
... (ii) $497.1 million of 2027 Convertible Notes, and (iii) $3.3 million of remaining convertible notes from LegacyGannett.Cash flow provided by operations was $61.3 million for the three months ended March 31, 2021 compared to $60.5 million for the same period in the prior year.
and foreign laws, rules, and regulations;adverse publicity associated with our Company or the direct-selling industry, including our ability to comfort the marketplace and regulators regarding our compliance with applicable laws;changing consumer preferences and demands;the ...
By Eben Novy-Williams. Eben Novy-Williams. SportsBusinessReporter novy_williams. Follow. More Stories by Eben ... May 7, 2021 10.24am. Facebook Twitter Tumblr Pinit + additional share options added ... media ... DraftKings ended the quarter with $2.8 billion on its balance sheet, growth fueled by a recent $1 billion raise through convertible notes ... .
Adjusted net loss(2) for the first quarter of 2021, which excludes other costs(3), non-cash impairments of goodwill, Transaction costs(4), and amortization of debt discount related to our 2.75% convertible notes, was ($4.9) million, or ($0.11) per diluted share, compared to an ...
Total other expense, net, was $1.3 million in the first quarter of 2021, and mainly included a $0.1 million change in fair value as a result of mark-to-market adjustments and $1.1 million in accrued interest expense for the convertible notes issued in 2020.