What does the bill include?

A bill refers to a negotiable securities issued by a drawer, which stipulates that he or the entrusted payer will unconditionally pay a certain amount to the payee or the holder at the sight of the bill or on a specified date. In a broad sense, bills include all commercial documents, such as bills of exchange, promissory notes, checks, warehouse receipts, bills of lading, bonds and other securities, while in a narrow sense, bills only refer to promissory notes, checks and bills of exchange stipulated by the bill law.

A bank draft refers to a bill issued by or paid by a bank. Mainly includes: cashier's checks, bank drafts, checks issued by banks, etc. After a commercial bill is accepted by a bank, the bank becomes the first payer of the bill, so it also has the nature of a bank bill.

Check. A cheque is a bill issued by the drawer, and a bank or other financial institution entrusted to handle cheque deposit business unconditionally pays a certain amount to the payee or holder at sight. The drawer is generally an enterprise.

A promissory note is a note issued by the drawer, which promises that he will unconditionally pay a certain amount to the payee or holder at sight. The drawer is a bank.

A bill of exchange is a bill issued by the drawer, which entrusts the drawee to unconditionally pay a certain amount to the payee or holder at sight or on a specified date.

Bills of exchange are divided into bank bills and commercial bills. Commercial bills are divided into bank acceptance bills and commercial acceptance bills. A bank acceptance bill is a bill in which a depositor opens a deposit account in an accepting bank, applies to the opening bank and is accepted by the opening bank, and guarantees to unconditionally pay a certain amount to the payee or holder on a specified date; Commercial acceptance bills are guaranteed by commercial credit and issued by enterprises.