Bonds and notes payable are two types of debt that companies can access to raise capital. Technically speaking, both are written agreements between the company and the lender defining how much will be ...

If you issue a bond at other than its face, or par, value, you must amortize the difference between the issue price and par. A premium bond sells for more than par; discount bonds sell below par.

Companies who need operating capital may obtain a loan through either a short-term note payable or a long-term note payable. A note payable is a written promise to pay a specified sum of money at a ...