What You Should Know About Jumbo Loans. Jumbo loans are mortgages that are more expensive than traditional loans. For single-family homes, that means a mortgage amount greater than $424,100. That number is known as the conforming loan limit and itâs the maximum loan amount that can be backed by Fannie Mae or Freddie Mac.
The term âprice actually paid or payableâ means the total payment made, or to be made, for imported merchandise by the buyer to, or for the benefit of, the seller (exclusive of costs, charges, or expenses incurred for transportation, insurance, and related services incident to the international shipment of the merchandise from the country of exportation to the place of importation in the U.S.).
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.