Money order cashier check First, the concept of The so-called &quot;draft&quot; refers to the drawer issued by a payer in sight, or in a specified date determined by the amount of unconditional payment to the payee or holder. Drafts include bank drafts and commercial bills of exchange, commercial bill acceptor in its different, is divided into bank acceptance and commercial acceptance bills. Under the &quot;Negotiable Instruments&quot; requirement, the concept of money orders generally include five aspects: 1, bills of exchange issued by the drawer; 2, has commissioned a certain amount of pay; 3, the par value of the payment should be unconditional a; 4, to determine the amount of the payment due date; 5, the par value is paid to the payee or bearer. There are three basic parties to draft: 1 drawer, that is, the person issuing the Notes; 2, payer, that is commissioned and unconditional acceptance of the drawer pay the amount of people; 3, the payee, that is, money orders and holding request to the payer payment. The basic party remittances, is the issue in the bill to the existence of the parties, bills of exchange relations, they are indispensable. The so-called promissory note is issued by the drawer, promising to meet unconditionally pay the fixed amount to the payee or holder. Here called &quot;promissory note&quot; refers only to cashier. Promissory notes and bills of exchange to the basic content has a lot in common, that are expressed in money; amount is determined; have to unconditionally pay the face amount; payment period is determined and so on, promissory notes and bills of exchange is most important The difference is that the promissory note as payment the drawer himself, that is, the basic party promissory note only two, one drawer, is the payer; the other is the payee. The so-called check is issued by the drawer, check deposit bank or other financial institutions see unconditionally pay the fixed amount to the payee or holder. Checks and money orders compared to the difference between the two in the following two aspects: one, check the drawer to the bank depositors, and the votes have full deposit accounts, issuing bad check, and be subject to administrative punishment should be investigated for criminal responsibility seriously, the payer must be the statutory financial institutions such as banks; 2, check payment only payable at sight, does not require regular payment date, so check there are three basic parties : firstly, the drawer, that is the depositary bank deposits corresponding notes were issued; second payer, that is, banks and other financial institutions, statutory; third recipient, or to accept payment. ? Second, the same point (1) of the same nature. (1) The securities are set right. With notes on the notes recorded in the holder the right content, to prove their bills in order to obtain property rights. (2) are formatted securities. Paper format (the form and recorded items) are by law (ie Law of Negotiable Instruments) stringent requirements, failure to comply with the format of the instrument&#39;s effectiveness to a certain extent. (3) are written securities. Content of the right notes, and bills related to the Notes on all matters are subject to recorded text, without notes effect on matters beyond the text. (4) are the transfer of securities in circulation. General obligations of the contract claims, to be transferred, it must obtain the consent of the debtor. As negotiable securities of the instrument. Can not make an endorsement after endorsement or delivered only to the summary notes and free transfer and circulation. (5) are not a result of securities. Notes on the existence of a right that is only the instrument itself, according to the text on the established rights of people to enjoy the right notes as necessary only to holders of Notes, as to the reasons for rights holders to obtain notes, bills can not occur because the right to ask. The existence of these reasons, effective or not, in principle, independently of each other with the right notes. As our current paper is not entirely the sense of instruments Negotiable Instruments Law. Only way of clearing banks, which without cause is not absolute. (2) has the same function of instruments. (1) exchange function. With notes of this function, to solve the cash payment between the two obstacles in space. (2) credit function. Note the use of cash can be solved in time barriers. Notes is not a commodity, it is built on the basis of a written credit payment instruments. (3) the payment function. Note the use of cash in the process can solve the trouble. Notes transferred by endorsement as many times in the market into a flow of payment, reducing the use of cash. As the clearing system and the development of instruments can be concentrated through the central clearing house clearing and settlement procedures simplified, accelerated cash flow, increase efficiency in the use of social capital. ? Third, differences (1) The promissory note is the agreement (contract I paid) securities; bill is commissioned (commissioned payment) securities; check is pay for the securities commission, but the trustees only banks or other legal financial institutions. (2) China&#39;s paper on the use of regional distinction. Promissory notes only for the same city-wide supply of goods and services transactions and other payment clearing; check clearing house for the same city or region; bill in the same city and the remote can be used. (3) different payment terms. Cashier period of 1 month, overdue payment bank inadmissible; my bill must be accepted, therefore, acceptance expires, the holder can only payment. Invoice payment due date insufficient account of the holder, its commercial acceptance bills Bank should be returned to the payee or endorsee, by itself. Bank acceptance of payment due date, due date has passed, but acceptance does not require the holder to cash in how to deal with, &quot;Bank settlement approach&quot; does not require, the specialized banks have made some additional requirements on their own. Such as the China Industrial and Commercial Bank of China provides more than 1 month acceptance maturity holder does not require payment, and acceptance is invalid. Check period of 5 days (endorsement of the transfer region note of transfer payments for 10 days. Counting from the day issued, expiration date extended holiday case of practice). (4) money orders and checks, there are three basic parties, namely, drawer, drawee, payee; the promissory note only the drawer (the payer and the drawer for the same person) and the recipient of two basic parties . (5) checks the drawer and the payee must have a financial relationship between the order checks; The drawer and payee relationship between the funds without prior; cashier&#39;s drawer and payment man the same person, there is no relationship between the so-called funds. (6) checks and promissory notes of the principal debtor is the drawer, while the draft of the principal debtor, before the acceptance is the drawer, after the acceptance is the acceptor. (7) need for long-term bill acceptance, check acceptance is usually immediate need, promissory notes need not accepted. (8) The drawer guarantee acceptance of payment, if another acceptor, guaranteed payment by the acceptor; check drawer security check; cashier&#39;s drawer own payment obligations. (9) checks, promissory notes holders only have recourse against the drawer, while the bill holders of Notes within the validity of the drawer, endorser, acceptor have recourse. (10) have copies of bills of exchange, and promissory notes, checks were not.