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The Activities Permitted To Credit Institutions. Promissory Notes: Title Credit Under Private Signature

Author

Listed:
  • Mariana Rodica ȚÎRLEA

    (“Dimitrie Cantemir” Christian University Bucharest, Faculty Of Economic Sciences Cluj-Napoca)

Abstract

The promissory note represents credit title under private signature, which is regulated by the Law no.58 / 1934 on bills of exchange and promissory notes, subsequently amended by Law no. 83/1994. The promissory note is a cashless payment instrument that takes the form of a printed double sided, on which is labeled information according to the regulations of NBR. Promissory notes issued by the NBR Printing and are approved by Department of Payment and Settlement Bank. In practice, the promissory note is used as cashless payment instrument which necessarily contains the name of the payer and the payee, and it represents unconditional order to pay a specified amount at a certain place at a precise date. The promissory note represents the solution to fluidize commercial transactions.

Suggested Citation

  • Mariana Rodica ȚÎRLEA, 2014. "The Activities Permitted To Credit Institutions. Promissory Notes: Title Credit Under Private Signature," Management Intercultural, Romanian Foundation for Business Intelligence, Editorial Department, issue 31, pages 488-497, November.
    • Handle: RePEc:cmj:interc:y:2014:i:31:p:488-497
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    More about this item

    Keywords

    Cambia; Commercial; Transactions; Title credit; Drawing; Beneficiary;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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