Tube bending. Tube bending is the umbrella term for metal forming processes used to permanently form pipes or tubing. One has to differentiate between form-bound and freeform-bending procedures, as well as between heat supported and cold forming procedures.
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Definition: A note payable is a liability in writing that promises to pay a specific amount of money at future date or on demand. In other words, a note payable is a loan between two entities. What Does Note Payable Mean? The maker of the note creates the liability by borrowing funds from the payee. The maker promises to pay the payee back with interest at a future date. The maker then records the loan as a note payable on its balance sheet.