⑥无串科技大等。通 1. 47weed of lilla of a3) According to the tenor a a Sight draft or demand draft: It is a bill payable on demand or at sight or on presentation b Time draft or usance draft: It is a bill payable at a fixed or determinable future time the time may be +2 expressed in the following three ways ■()t.…… days after sight 师■(i)at…… days after date (i at a fixed date
授 课 教 师 狄 琳 娜 1.4 Types of bills of exchange ◼ (3) According to the tenor ◼ a.Sight draft or demand draft: It is a bill payable on demand or at sight or on presentation. ◼ b.Time draft or usance draft: It is a bill payable at a fixed or determinable future time.The time may be expressed in the following three ways: ◼ (i)at…… days after sight. ◼ (ii) at …… days after date. ◼ (iii) at a fixed date
⑥灭串斜技m 1. 47wped of ill ot -(4)According to who is the acceptor a trader 's acceptance draft It is a time bill drawn on a trader and accepted by him b. Banker's acceptance draft: It is a time bill drawn on a bank and accepted by this bank, that is, the 授 bank guarantees the payment of draft This kind of 课 bill is more preferable and negotiable than the trade's acceptance bill and is more acceptable ins 师 the discount market
授 课 教 师 狄 琳 娜 1.4 Types of bills of exchange ◼ (4)According to who is the acceptor ◼ a.Trader’s acceptance draft: It is a time bill drawn on a trader and accepted by him. ◼ b.Banker’s acceptance draft: It is a time bill drawn on a bank and accepted by this bank, that is, the bank guarantees the payment of draft. This kind of bill is more preferable and negotiable than the trade’s acceptance bill and is more acceptable in the discount market
⑥天串科太 Pnamiosow mote 2.1 Definition of promIsSory note 2.2 Differences between a bill of exchange and a 授 课 promisSory note 师
授 课 教 师 狄 琳 娜 2. Promissory note ◼ 2.1 Definition of promissory note ◼ 2.2 Differences between a bill of exchange and a promissory note
⑥灭串斜技m A written promise to pay a determinate sum of money made between two parties is a promissory note, or simply a note. The party who promises to pay is called the maker; the party who is to be paid is the payee
授 课 教 师 狄 琳 娜 2.1 Definition of promissory note ◼ A written promise to pay a determinate sum of money made between two parties is a promissory note, or simply a note. The party who promises to pay is called the maker; the party who is to be paid is the payee
⑥灭串斜技m e.g a Promissory note ondon May 20, 1999 ■USS3,000 On the September 20th, 1999 fixed by the promissory note we promise to pay xx or 授 order the sum of three thousand u.s. dollars 课 only. 师 For and on behalf of YYY(signed)
授 课 教 师 狄 琳 娜 e.g. ◼ Promissory Note London, May 20 , 1999 ◼ US$ 3,000. On the September 20th, 1999 fixed by the promissory note we promise to pay xx or order the sum of three thousand U.S. dollars only. For and on behalf of YYY(signed)