What Are the Different Types of Promissory Notes?

Promissory note refers to a note in which the invoicer pays a certain amount to the payee unconditionally on the due date. This type of bill involves only the issuer and the payee. The drawer issues the promissory note and is responsible for payment. This promissory note should generally state: "promissory note", unconditional payment commitment, payee or its designee (with no payee name, the holder is the payee), payment amount, date and place of issue, payment date And the location, the signature of the invoicer, and so on.

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Promissory note refers to a note in which the invoicer pays a certain amount to the payee unconditionally on the due date. This type of bill involves only the issuer and the payee. The drawer issues the promissory note and is responsible for payment. This promissory note should generally state: "promissory note", unconditional payment commitment, payee or its designee (with no payee name, the holder is the payee), payment amount, date and place of issue, payment date And the location, the signature of the invoicer, and so on.

Promissory notes can be divided into registered promissory notes and bearer promissory notes depending on whether the payee's name is stated on the face. It can be divided into regular cashier's check and current cashier's check according to whether the ticket has an expiration date. This promissory note does not need to be accepted, and the drawer will be responsible for payment after it is issued. ^[1]

After getting a promissory note, whether this promissory note takes effect, according to the "

(1) Promissory note is a type of note, which has the properties common to all notes, and is non-causal securities, rights securities, cultural securities, key securities, money debt securities, negotiable securities, etc.

(2) A promissory note is a self-paying security, which is a note paid by the drawer itself to the payee and bears absolute payment responsibility. This is the most important difference between cashier's check and money order. In the legal relationship of promissory notes, the basic parties are only the drawer and the payee, and the debt and debt relationship is relatively simple.

(3) No acceptance is required. The draft can be applied in many ways. However, as the promissory note is the responsibility of the drawer itself to pay, there is no need to entrust others to pay, so the promissory note can guarantee payment without acceptance.

There are various ways to divide the promissory note, which can be divided into different types according to the issuer.

1. For forward payment in commodity transactions, the buyer can first issue a cashier's check with the agreed payment date as the due date and give it to the seller. The seller can receive the payment as scheduled with the cash order. Promissory notes are discounted or resold.

2. The borrowing voucher used for money is issued by the borrower to the lender for acceptance.

3. When an enterprise raises funds outward, it can issue

Small note

Small book: A number of stamps of the same denomination or multiple denominations are printed together and bound in a small book, which is called a small book. The stamps on the small promissory note have the same pattern, face value, and color as the original stamps, but the binding cutting often has one side and two sides without tooth holes.

Small book, also known as stamp booklet. In order to be convenient for users to carry, several stamps of one or several common denominations are printed together and bound into a small booklet. Its characteristics are: with a simple or exquisite cover and back cover, and printed with a stamp-related pattern or text description; the stamp in the small book is basically the same as the full-page pattern, denomination, color, etc .; usually on the stamp One or two sides are toothless; they are usually sold at the face value of a stamp.

In 1895, Luxembourg issued the first promissory note. The earliest in China was a booklet of sailing ships in Beijing issued by China Post in 1917. New China's first small book "Fairy Tale-Guru" was issued on September 20, 1980, and then one or two varieties will be issued almost every year. The content of its response is gradually developing towards the culture of animals and Chinese zodiac. After the small book of "Lamb" was issued on January 5, 1991, the original Ministry of Posts and Telecommunications stopped the issuance of small booklets due to problems with the creative equipment. At this point, China has issued a total of 18 small booklets.

The State Post Office officially announced that it will re-launch small promissory notes. The first booklet re-launched was "Little Carp Jumping Dragon Gate", which was released in August, with a face value of 4 yuan and an issue price of 4 yuan. Because the machine has not been used for manual production, the circulation is limited, so it is sold by lottery among subscribers.