Difference table of four kinds of bills

1. The nature of securities is different: bank drafts, commercial drafts and checks belong to entrusted securities, while bank promissory notes belong to agreed securities;

2. The principal debtors are different: the principal debtors of bank bills and commercial bills will change before and after acceptance, from the drawer to the acceptor, while the principal debtors of promissory notes and checks are always the drawer;

3. Relative matters are different: the relative matters of bank draft and commercial draft include the date of payment, the place of payment and the place of issue, but promissory notes and checks do not need to record the place of issue.

These are some differences between the four bills.

Brief introduction of the bill

The English name of a bill is counterfoil, which broadly refers to securities and vouchers such as stocks and invoices, and narrowly refers to checks, drafts and cashier's checks. In the trading market, the bills usually referred to are those in a narrow sense. Bills of exchange include bank bills and commercial bills. No matter what kind of bill is issued, the drawer must clearly fill in the contents of the bill in accordance with relevant laws and regulations, otherwise the bill will be regarded as invalid.