Definitions for "NOTES PAYABLE"
Collective term for promissory notes owed by the person who promises to pay (maker) to other entities.
Money owed to lenders. Can be short or long-term.
The amount of principal due on a formal written promise to pay. Loans from banks are included in this account. To Top
are all note obligations, including bank and commercial paper. Does not include trade notes payable.
Keywords:  due, formal, less, funds, year
Formal loans due in less than one year.
Funds due to a lender.