Acceptance discount refers to the behavior that the holder of a forward bill transfers it in the discount market before the bill expires after acceptance, and the transferee pays the money to the transferor after deducting the discount interest. Or the bank's business of buying unexpired bills.

supporter

Endorsement is a bill behavior and an important way of bill transfer. Endorsement is the act of the holder signing the back of the bill and delivering it to the transferee. The bearer here is called an endorser, and the transferee is called an endorsee.

The main purpose of endorsing a transfer bill is to establish the rights and obligations between the transferor and the transferee. As an endorser of the transferor, once he signs the bill, he must undertake the following two businesses: (1) He must ensure that the bill is accepted or paid by all those who later obtain it, including the endorsee. (2) Ensure the authenticity of all previous signatures and the continuity of the endorsements he has signed on the bill before. Endorsement continuity means that the signatures of the endorser of the transferred bill and the endorsee of the transferee's bill are continuous in the transfer of the bill.

The endorsee is the transferee of the bill, and he has the right to obtain all the rights of the endorser on the bill. The performance is: (1) The endorsee can ask the drawee for acceptance and payment in his own name, or transfer the bill to others by endorsement. (2) When a bill cannot be cashed, the endorsee has the right to recover from his direct endorser, other endorsers who have signed the bill and even the drawer.

endorsee

The endorsee refers to the legal person, other organization or individual who accepts the endorsed bill in the process of endorsement.

For the endorsee, all the endorsers and the original drawer are his predecessors, and they all have the responsibility to ensure that the drawee pays or accepts the bill when it expires.