A promissory note of a bank acceptance bill refers to the situation that one of the bank acceptance bills returns to the drawer, payee or former endorser for endorsement after one or more endorsements. Promissory notes generally do not affect the circulation of bills and the exercise of bill rights, but there are two situations that need the attention of the accepting bank.

What does acceptance bill mean?

An acceptance bill refers to a bill that has been accepted. It is a bill of exchange issued by the seller in order to get payment from the buyer in the transaction. The drawee shall mark the word "acceptance" on the surface of the draft, confirm the payment due and sign it. After the bill is accepted, the drawee is the acceptor.

There are two kinds of acceptance bills, one is bank acceptance bill and the other is commercial acceptance bill.