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On the paper currency of many countries, there is a phrase that says "will pay to the bearer on demand." This means that the money is essentially nothing more than a promissory note but it is backed by gold owned by the government.

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Will Pay To The bearer on demand when did this stop on bills?

1963


What is a negotiable promissory note?

"A negotiable promissory note is unconditional promise made in writing by one person to another to pay on demand to the payee, or at fixed or ascertainable future time, sum certain in money, to order or to bearer. These notes are governed by the Uniform Commercial Code."See related link."A negotiable promissory note is unconditional promise made in writing by one person to another to pay on demand to the payee, or at fixed or ascertainable future time, sum certain in money, to order or to bearer. These notes are governed by the Uniform Commercial Code."See related link."A negotiable promissory note is unconditional promise made in writing by one person to another to pay on demand to the payee, or at fixed or ascertainable future time, sum certain in money, to order or to bearer. These notes are governed by the Uniform Commercial Code."See related link."A negotiable promissory note is unconditional promise made in writing by one person to another to pay on demand to the payee, or at fixed or ascertainable future time, sum certain in money, to order or to bearer. These notes are governed by the Uniform Commercial Code."See related link.


What is cheqe?

"Cheque is an instrument in writing containing an unconditional order, addressed to a banker, sign by the person who has deposited money with the banker, requiring him to pay on demand a certain sum of money only to or to the order of certain person or to the bearer of instrument."


Can your mortgage company harass you?

It depends on what you consider harassment. They can demand that you pay your mortgage if you are behind in your payments.It depends on what you consider harassment. They can demand that you pay your mortgage if you are behind in your payments.It depends on what you consider harassment. They can demand that you pay your mortgage if you are behind in your payments.It depends on what you consider harassment. They can demand that you pay your mortgage if you are behind in your payments.


What are the requisites of negotiable promissory note?

1. it must be in writing signed by the maker. 2. it must contain an unconditional promise to pay a certain sum in money. 3. it must be payable on demand, or at fixed or determinable period of time. 4. must be payable to order or bearer.

Related Questions

What does 'pay to the bearer on demand' on a bill mean?

'Pay to the bearer on demand' just means that you need to pay the bill to the person you are owned money to. The person will be noted on the bill.


Will Pay To The bearer on demand when did this stop on bills?

1963


What promise appears on all English banknote?

I promise to pay the bearer on demand the sum of ...


What is the value of a Series 1950a 10 dollar bill will pay to bearer on demand?

If it has a green seal, it's worth $12 to $15.


Why does pay to the bearer on demand no longer on the new Canadian money?

The phrase "pay to the bearer on demand" has been removed from new Canadian currency to enhance security and modernize the design of banknotes. This change reflects a shift towards a more sophisticated banking system where electronic transactions and deposits are prevalent. Additionally, the removal helps to clarify that the notes represent a promise to pay rather than a physical bearer instrument. This aligns with contemporary financial practices and reduces the risk of counterfeiting and fraud.


Can a bank issue bearer demand draft?

no,because bearer draft is like a currency which can be issue only by rbi hence cant be issue bearer


What is the value of money that says pay to the bearer on demand?

Many, many different bills carry that legend. Please post a new question with the bill's date, denomination, seal color, and whether there is a small letter next to the date.


How much is pay to the bearer on demand 10 dollar bill worth?

A "pay to the bearer on demand" $10 bill is worth its face value of $10. This means that anyone presenting the bill can redeem it for $10 in legal tender. The value remains unchanged unless it is damaged or if there are specific collector's interests that might increase its worth. In general circulation, however, it holds the same value as any other $10 bill.


What does free with subscription mean on demand for comcast?

free with a subscribtion that you have to pay$.


What does or bearer written on a cheque mean?

'or bearer' means that the check can be cashed by whoever presents the check to the bank - bearer means carrier in this context.


What do you mean by demand?

to order.... dumb pay attemtion in class by Q- Dawg


What is a negotiable promissory note?

"A negotiable promissory note is unconditional promise made in writing by one person to another to pay on demand to the payee, or at fixed or ascertainable future time, sum certain in money, to order or to bearer. These notes are governed by the Uniform Commercial Code."See related link."A negotiable promissory note is unconditional promise made in writing by one person to another to pay on demand to the payee, or at fixed or ascertainable future time, sum certain in money, to order or to bearer. These notes are governed by the Uniform Commercial Code."See related link."A negotiable promissory note is unconditional promise made in writing by one person to another to pay on demand to the payee, or at fixed or ascertainable future time, sum certain in money, to order or to bearer. These notes are governed by the Uniform Commercial Code."See related link."A negotiable promissory note is unconditional promise made in writing by one person to another to pay on demand to the payee, or at fixed or ascertainable future time, sum certain in money, to order or to bearer. These notes are governed by the Uniform Commercial Code."See related link.