Traditional Culture Encyclopedia - Traditional stories - What is a promissory note for?

What is a promissory note for?

The bill of exchange that the bank promises to pay at maturity is called a banker's acceptance; the bill of exchange that the strong and reputable enterprise promises to pay at maturity is called a commercial acceptance. Because the credit system necessary for a market economy has not yet been fully established in our country, the commercial promissory note is not widely used, our economic life is a large number of bankers' acceptances.