In the financial market, commercial acceptance bills (referred to as commercial acceptances) and bank acceptance bills (referred to as bank acceptances) are two common short-term financing instruments. TravelSky, i.e. Aviation Electronic Ticket Itinerary, is a voucher for passengers to purchase air tickets. This article will analyze for you whether TravelSky is a commercial or bank undertaker.
1.Overview of Commercial Acceptance Bills and Banker's Acceptance Bills
Both commercial and bank undertakings are tools for short-term financing by enterprises, and they both exist in the form of bills of exchange. The commercial undertaking is a bill of exchange issued by an enterprise that promises to unconditionally pay a certain amount to the bearer within a certain period of time; A bank acceptance is issued by a bank, promising to unconditionally pay a certain amount of money to the bearer within a certain period of time.
2.The nature of TravelSky
TravelSky, i.e. Aviation Electronic Ticket Itinerary, is a voucher for passengers to purchase air tickets. It is issued by the airline or ticket seller** and is used to prove that the passenger has purchased a ticket and is entitled to travel on the corresponding flight. The passenger's name, flight number, flight date, class of service and other information will be indicated on the passenger's letter.
In terms of nature, TravelSky is not a bill of exchange, and it does not have the attributes of commercial or bank. TravelSky's main function is to serve as proof of the passenger's purchase of the ticket, rather than as a financing tool.
3.The difference between TravelSky and commercial and bank
There are obvious differences between TravelSky and commercial and bank undertakings in terms of nature, function and issuer
Nature: TravelSky is a ticket purchase certificate, while commercial and bank commitments are short-term financing instruments.
Function: TravelSky is used to prove that passengers have purchased air tickets, and commercial and bank commitments are used for short-term financing of enterprises.
Issuer: TravelSky is issued by airlines or ticket sales agencies, commercial commitments are issued by enterprises, and bank commitments are issued by banks.
TravelSky is not a commercial or banked contract. It is a voucher for passengers to purchase air tickets, which is obviously different from commercial and bank undertakings in terms of nature, function and issuing entity. In practice, various financial instruments should be correctly understood and applied to meet the different needs of businesses and individuals.