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LSDefine

Simple English definitions for legal terms

note payable

Read a random definition: unitas actus

A quick definition of note payable:

A note payable is a type of debt owed by a company or individual to a creditor. It is also known as an account payable. This means that the creditor has provided goods or services to the debtor, and the debtor must pay them back at a later date. It is important for the debtor to keep track of their note payable and make timely payments to avoid defaulting on the debt.

A more thorough explanation:

Definition: A debt owed by an enterprise in the normal course of business dealing, reflecting a balance owed to a creditor. It is often shortened to payable and is also termed account payable.

Example: A company borrows money from a bank and signs a promissory note agreeing to repay the loan with interest. The promissory note is a note payable.

Explanation: The example illustrates a situation where a company owes money to a bank and has agreed to repay it. This debt is recorded as a note payable in the company's financial statements. It is a liability that the company must pay back in the future.

note of protest | note receivable

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i don't eat a lot of added sugar to begin with, but the occasional little treat is great for me
but not this week.....no little treat
NosyBeagle
17:12
im trying to get rid of belly fat but its hard cus everyday is a little treat day for me
NosyBeagle
17:12
i had a few pieces of candy so it is so over
when the little treat fights back.......
everything in moderation though!!!1 i hate when fitness influencers try to make u fearful of certain foods like bitch u drink raw milk and ur gonna tell me an oreo is evil?????
NosyBeagle
17:13
REAL
NosyBeagle
17:14
i dont listen to those mfers anymore
NosyBeagle
17:14
the little treats got hands im ngl
i do be using gym girlies recipe though to hit protein goals like thanks girls!!!!
the sane ones i mean
THIS LITTLE TREAT GOT HANDS
NosyBeagle
17:15
chloe ting fr got a bbl like goodbye bitch y does ur butt look too perfect. u were supposed to be my goat
NosyBeagle
17:17
i wonder how my protein is idk i just eat based on vibes
REAL LMAOOO
no like that's sooo funny to me she got a BBL like okay girl
NosyBeagle
17:22
she is such a petite girl. it is so obvious
me when i accidentally close out all my tabs #kms
chloe ting did this......
NosyBeagle
17:31
i believe it
NosyBeagle
17:31
she wants you to do up and down planks
i truly believe most fitness influencers are either on peds or got surgery
absolutely agree
or use filters like come on NEOW.
they gotta push their $500 workout program!!! how else are gonna do it without surgery/peds!!!
my workout program is free but you might not like it
17:45
hey at least doctor mike is open about his peds and surgery
im not on peds but i do take creatine like a mf
dr pimple popper
NosyBeagle
18:16
doctor mike could get it tbh
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