The bill is not an issue security, that is a security which is issued bank in necessary quantity and during necessary time for clients. This security allows the client of bank, to receive from bank par value of the bill, plus percent for use by its money. There are some versions of bills:
1. By the form the income of the bill share on percentage or discount bills. At the percentage bill its nominal price and the price of acquisition coincide. The discount bill upon primary purchase, is bought at the price of below nominal. The difference between the prices will be the income by the subsequent transfer of the bill;
2. The bill can be simple and translated. The difference is that the promissory note, the debtor writes out, and the recipient of means is the creditor. The translated bill is written out by the creditor, but thus the third party will be the recipient of money from the debtor;
3. On a maturity date of the bill are divided: on bill presentation, on bill presentation, but not earlier than a certain date, on bill presentation, but not earlier than and no later than a certain date, in the stipulated term of presentation of the bill and bill presentation in concrete date.
The bill is considered void, on it there is no at least one of the given requisites: a bill label, that is the word "Bill", time and a place where the bill, face value, a place and payment term, the name of the first purchaser (holder), the press and the signature of authorized persons was made. For drafts obligatory the name of the payer.
It is possible to carry its abstraktnost to features of the bill, that is on this document the source of the contents of the transaction, indisputability of the bill isn't specified, its payment is guaranteed by the legislation, negotiability, that is bill application as payment.
By the way, bills, also can be written out by the trading and industrial companies.
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