Last Updated on August 1, 2021 by husnain
As one way of dealing with inflation, money order are often used by most business people. The term “wesel” based on language (etymology) is from the Dutch term “Weslee” which also means “wesel”.
The definition of a draft is a warrant made by the person who gives credit to you and is intended for the debtor to pay a certain amount of money and a certain date as stated in it.
Money orders as a means of payment for accounts receivable in business are capable of being a reference solution in developing your business, find out now about it to be able to use it.
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Definition of Notes According to Experts
According to Mahmoeddin, it is “a type of securities and includes bills of people and is an unconditional written order from the signer (drawer) to a person or bank (interested) to unconditionally pay a certain amount of money to a certain person or party or a designated person. by him to the bearer. “
The definition according to KBBI is “postal letter for sending money; payment documents that can be cashed into the bank by the holder. “
Legal Basis of Notes
Money orders themselves have a legal basis according to Article 100 to Article 173 of the Indonesian Commercial Code (KUHD) states that there are several formal requirements for a money order.
Even so, in this KUHD there is no explicit definition of it because Article 100 of the KUHD implies only a few formal requirements.
The Elements in a Money Order
1. Is an order without any conditions to pay a certain amount of money.
2. Related parties include publishers, involved or interested, recipients, holders and endocents.
3. Securities dated and also including the place of publication.
Terms of Money Order According to KUHD
1. Name of payer / attraction / betrolene / drawee
2. Date of payment
3. Determining where the payment is made
4. The word “Notes” is contained in the text and is written in the language in which it was written.
5. There is an unconditional order to pay a certain amount of money.
6. Name of person or persons to whom, or other parties referred by, payment must be made
7. Date and place where the banknote was withdrawn / issued.
8. Publisher’s signature.
The conditions mentioned above are always listed in this letter and are declared invalid if the conditions are not met from one of the conditions of the record.
But there are examples of exceptions that are valid without these conditions, such as:
1. If not specified on the day of payment, it will be deemed paid on the day indicated.
2. If not specified, the place of payment written next to the name of the interest is considered the place of payment from the place where you are interested in domiciling.
3. If it is not stated where the note is drawn, the place indicated next to the drawer is deemed to be the drawer for this letter.
Money orders have an important role for a company that has grown as a way of dealing with financial risks. You must know about the functions and types before you start a business.
Types of money orders
The importance how to fill out a money order depends on the types and needs of the businessmen. As for the various types regulated in the KUHD (Commercial Code), including:
1. Notes on Issuer Own (Article 102 paragraph 2 KUHD)
This type is one that has been issued by one of the financial intermediaries by making the publisher as a partner or the publisher designating itself as the link so that the publisher and the involved are the same party.
2. For Third Person Calculations (Article 102 paragraph 3 KUHD)
A money order issued by order of a third person, the payment of which is charged to the 3rd party’s account. And usually the issuer is a bank.
3. Notes on Substitute Issuer (article 102 paragraph 1 KUHD)
Read More: Kerala Board Plus One & Plus two notes
This third type is the one that has been issued by appointing itself as the first holder, so that the publisher and the first holder are the same person / party.
Thanks for reading our article on money order.