The payer and the drawer of the promissory note are the same person, so the promissory note only has a settlement function and does not have a financing function. If it is a commercial promissory note, it generally cannot be used with low pressure.

A bill in which the invoicer unconditionally pays a certain amount to the payee on the due date. This kind of instrument 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 state: 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 payment amount, Date and place of issue, date and place of payment, signature of the invoicer, etc.

Based on whether the name of the payee is stated on the face of the note, promissory notes can be divided into registered promissory notes and bearer promissory notes. 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. Extended information

(1) Presentment for payment: The drawer of the promissory note must bear the responsibility for payment when the holder presents the promissory note.

(2) The maximum payment term shall not exceed 2 months.

(3) Rights related to prompt payment. Presenting the promissory note to the drawer for the first time is the exercise of the first right of claim. It is a necessary procedure for exercising recourse against other debtors of the promissory note. If the promissory note is not presented on time, the holder cannot claim against the previous debtor. recourse.

Baidu Encyclopedia-Promissory Note