Banking. A bill of exchange as a security and its use in economic circulation (the most important)

Lecture notes, cheat sheets
Free library / Directory / Lecture notes, cheat sheets

Banking. A bill of exchange as a security and its use in economic circulation (the most important)

Lecture notes, cheat sheets

Table of contents (expand)

Topic 63

Bill - this is a non-emission security. A bill gives the holder the right to demand payment within a specified period of time of a certain amount of money from the payer of the bill. A bill of exchange can be compared to a promissory note. But it differs in the following:

1) A bill is an abstract obligation. 2) A bill of exchange is an unconditional obligation, i.e. payment on a bill of exchange does not depend on any conditions. 3) A bill of exchange is a monetary document with a strictly defined set of details. A defect in the form of a bill of exchange is the absence or incorrect details, i.e., non-compliance with formal requirements - the bill of exchange loses its validity. 4) The bill is distinguished by joint and several liability, i.e., the full liability of each person obligated on the bill to the legal holder of the bill. 5) The subject of a bill of exchange can only be money 6) A bill of exchange is transferred from one person to another using an endorsement - an endorsement. The bill performs two main functions: it acts as a means of payment and with its help you can apply or get a loan.

Bill of exchange (Draft) - is a written document containing an unconditional order of the drawer to the payer to pay a certain amount of money on time and in a specific place to the holder. A promissory note is a written document containing a simple and unconditional obligation of the drawer (debtor) to pay a certain amount of money at a specified time and in a specific place to the holder of the bill.

In Russia, promissory (solo) bills are the most popular.

They are actively used in the following areas:

1) attracting temporarily available funds. A bill of exchange is more profitable than a deposit, because taxes are lower. 2) bill lending. The loan interest rate for the borrower is lower (as a rule). 3) bill of exchange as a means of payment. A “settlement” bill of exchange is a bill of exchange that is purchased at a discount to cover accounts payable to the drawer in the amount of the bill amount. Depending on the economic essence, bills are divided into: commercial - it is based on a specific commodity transaction.

Financial - based on a financial transaction related to the movement of money.

Bank - a unilateral obligation of the bank - the issuer of the bill to pay the bill holder the specified amount within the prescribed period.

Bronze - One of the faces is fictional.

Friendly, Counter.

Authors: Shevchuk D.A., Shevchuk V.A.

<< Back: Investment properties of bonds

>> Forward: Secondary securities: features of issue and circulation

We recommend interesting articles Section Lecture notes, cheat sheets:

▪ Metrology, standardization and certification. Crib

▪ Stocks and bods market. Crib

▪ The budget system of the Russian Federation. Lecture notes

See other articles Section Lecture notes, cheat sheets.

Read and write useful comments on this article.

<< Back

Latest news of science and technology, new electronics:

The existence of an entropy rule for quantum entanglement has been proven 09.05.2024

Quantum mechanics continues to amaze us with its mysterious phenomena and unexpected discoveries. Recently, Bartosz Regula from the RIKEN Center for Quantum Computing and Ludovico Lamy from the University of Amsterdam presented a new discovery that concerns quantum entanglement and its relation to entropy. Quantum entanglement plays an important role in modern quantum information science and technology. However, the complexity of its structure makes understanding and managing it challenging. Regulus and Lamy's discovery shows that quantum entanglement follows an entropy rule similar to that for classical systems. This discovery opens new perspectives in the field of quantum information science and technology, deepening our understanding of quantum entanglement and its connection to thermodynamics. The results of the study indicate the possibility of reversibility of entanglement transformations, which could greatly simplify their use in various quantum technologies. Opening a new rule ... >>

Mini air conditioner Sony Reon Pocket 5 09.05.2024

Summer is a time for relaxation and travel, but often the heat can turn this time into an unbearable torment. Meet a new product from Sony - the Reon Pocket 5 mini-air conditioner, which promises to make summer more comfortable for its users. Sony has introduced a unique device - the Reon Pocket 5 mini-conditioner, which provides body cooling on hot days. With it, users can enjoy coolness anytime, anywhere by simply wearing it around their neck. This mini air conditioner is equipped with automatic adjustment of operating modes, as well as temperature and humidity sensors. Thanks to innovative technologies, Reon Pocket 5 adjusts its operation depending on the user's activity and environmental conditions. Users can easily adjust the temperature using a dedicated mobile app connected via Bluetooth. Additionally, specially designed T-shirts and shorts are available for convenience, to which a mini air conditioner can be attached. The device can oh ... >>

Energy from space for Starship 08.05.2024

Producing solar energy in space is becoming more feasible with the advent of new technologies and the development of space programs. The head of the startup Virtus Solis shared his vision of using SpaceX's Starship to create orbital power plants capable of powering the Earth. Startup Virtus Solis has unveiled an ambitious project to create orbital power plants using SpaceX's Starship. This idea could significantly change the field of solar energy production, making it more accessible and cheaper. The core of the startup's plan is to reduce the cost of launching satellites into space using Starship. This technological breakthrough is expected to make solar energy production in space more competitive with traditional energy sources. Virtual Solis plans to build large photovoltaic panels in orbit, using Starship to deliver the necessary equipment. However, one of the key challenges ... >>

Random news from the Archive

Sports records will end in 2027 18.10.2008

Employees of the Paris Institute of Sports Medicine and Epidemiology analyzed 3263 world records set from 1896 to 2007 in 147 competitions in five sports disciplines: athletics, swimming, cycling, skating and weightlifting.

Having built growth curves for sports achievements, scientists came to the conclusion that the limits of the growth of records are already close and by 2027 they will be reached by 99,95%. Further growth can be ensured only in two cases: if anabolic steroids are legalized or if promising athletes are selected according to the genetic code in the cradle and raised from infancy as future champions.

Other interesting news:

▪ DeLorean will be produced again

▪ The shortest electronic explosion is generated

▪ Acoustic waves for the treatment of muscle injuries

▪ Rat mutual assistance

▪ Cosmic rays - a threat to the colonists of Mars

News feed of science and technology, new electronics

Interesting materials of the Free Technical Library:

▪ site section Tone and volume controls. Article selection

▪ article Wild people! Mountain children. Popular expression

▪ article Why did the drivers of the first trucks need an assistant? Detailed answer

▪ article Refueler. Standard instruction on labor protection

▪ article Tuning antennas and circuits using a jammer. Encyclopedia of radio electronics and electrical engineering

▪ article Long map. Focus Secret

Leave your comment on this article:

All languages of this page

Home page | Library | Articles | Website map | Site Reviews