1. A promissory note refers to a note in which the issuer unconditionally pays a certain amount to the payee on the maturity date. This type of bill involves only two parties: the drawer and the payee. The drawer issues the promissory note and is responsible for payment. A promissory note should generally contain: the word "promissory note", an unconditional promise to pay, the payee or his designee (if there is no payee's name, the bearer will be the payee), the amount to be paid, the date and place of issuance, and the date of payment. and location, signature of the invoicer, etc. Depending on whether the name of the payee is stated on the face of the note, a promissory note can be divided into a registered promissory note and an bearer promissory note. According to whether there is an expiration date on the face of the note, it can be divided into time promissory note and sight promissory note. The promissory note does not need to be accepted, and the drawer is responsible for payment immediately after issuing the note.

2. Bill of exchange is one of the most common types of bills. Article 19 of my country's "Bill of Exchange" stipulates: "A bill of exchange is issued by the drawer, and the payee entrusts it to pay when the bill is presented, or A bill is a bill that is the most widely used credit instrument in international settlement. It is a kind of entrusted security, and the basic legal relationship has at least three characters: the drawer, the payee and the payee; on December 1, 2017, the "English Translation Standards in the Public Service Field" was officially implemented , the standard English for money order is Money Order.

3. A check is an instrument issued by the drawer, and the bank or other financial institution entrusted with the check deposit business unconditionally pays a determined amount to the payee or holder when the check is presented. The same rules for bills of exchange also apply to the check system, so we only introduce the special regulations for checks that are different from bills of exchange. The characteristics of checks are as follows: First, checks are commissioned securities, but the payee of the check is special and must be a bank or non-bank financial institution qualified for check deposit business. Secondly, the checks in our country are only demand checks and there is no acceptance system for checks.

Warm reminder: The above content is for reference only.

Response time: 2021-08-05. For the latest business changes, please refer to the official website of Ping An Bank.

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