Note Payable

Accounting Terms Dictionary

Select a letter below to view all accounting terms that begin with that letter.

Note Payable

A note payable is a debt of the company. It represents money that has to be repaid. It is secured by a written document.

If a borrower has more than 12 months to repay the loan it will be classified as a long term liability. If the borrower must repay the money he owes in less than a year, it will be listed under current liabilities.

There is currently no content classified with this term.

Get instant access to step-by-step instructions on how to apply and sit for the CPA Exam.

Expected or Past Undergrad Graduation Date*

When Do You Plan to Start Studying?