What Is a Loan Note?
Bill loan refers to a financial financing method in which the beneficiary of a bill transfers the rights of the bill to the lender and pays a certain interest in advance to obtain cash.
Bill loan
Right!
- Chinese name
- Bill loan
- Category
- Financing
- Be applicable
- State-owned and collective enterprises
- Definition
- Transfer of lender rights to the notes before the notes are due
- Bill loan refers to a financial financing method in which the beneficiary of a bill transfers the rights of the bill to the lender and pays a certain interest in advance to obtain cash.
- Business Scope
- Bill loans are applicable to the following business scopes of state-owned and collective enterprises: [1]
- 1. Due to seasonal, temporary and other reasons, the funds needed for centralized purchases, products produced by industry throughout the year and purchased seasonally by commercial products; installment products; purchase of sluggish backlogged products; order products at trade fairs, order fairs, and trade fairs Payments are made on schedule; funds needed for more than the loan plan, etc. can be settled by bill acceptance (bank acceptance) and contract loans.
- 2. Due to credit sales and consignment of goods, long-term outstanding loan receivables due to loans receivable, resulting in excessive occupation of over-storage settlement funds for commodities, the need for over-occupancy plan occupancies is all solved by discounted bills.
- 3 Commercial enterprises allocate products in advance according to the allocation plan or purchase and sale contracts between sales and purchases, promote the accumulation of sluggishly slashed prices, and use the payment requirements caused by instalments to adopt bill acceptance for payment units and discount bills for receiving units solve.
- 4 The enterprise applies the bill to the bank for a loan. If the amount is less than the denomination of the bill, a mortgage loan is granted.