The primary difference between notes payable and bonds stems from securities laws.
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Unknown title any other way. If they both happened to be identically structured, both would have the same impact on the balance sheet and the income statement. Structurally and practically, the two instruments are identical.
Where the similarities stop <span>The primary difference between notes payable and bonds stems from securities laws. Bonds are always considered and regulated as securities, while notes payable are not necessarily considered securities. For example, securities law explicitly defines mortgage notes, co
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