Meaning of Duplicate (What it is, Concept and Definition)

Duplicate it is a credit title, whereby the buyer undertakes to pay dentro of the term the amount represented in the invoice. The Duplicate or trade duplicate it is a nominal document issued by the merchant, with the total value and maturity of the invoice.

A duplicate is a payment order issued by the creditor, when selling a good or service that has been provided and which are represented in an invoice, which must be paid by the buyer of the goods or the taker of the services. A duplicate can only correspond to a single invoice and must be presented to the debtor within a maximum of 30 days.

The Promissory Note it is a guarantee of payment commitment, in which the buyer assumes the obligation to pay the established amount, on the date determined in the document. It is a promise of payment in installments, linked to a contract. It is a nominal title, signed by the buyer, which remains in the seller's possession and which, after payment, returns to the buyer, as payment receipt.

virtual duplicate

With computerization, the virtual duplicates found legal support in article 8, sole paragraph, of law nº 9.492/97 and in article 889, of CC - 2002.

When the purchase and sale or service provision contract is executed, the seller, via the Internet, sends to a financial institution the data referring to the business carried out. The financial institution, also through the Internet, forwards to the buyer or service borrower, a Bank slip for the borrower to pay for the purchase. This billet is not a credit title, it contains the characteristics of a virtual duplicate.

know more about promissory note.

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