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Promissory Note As Payment Security Instrument In The Republic Of Croatia

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Author Info
Marković, Branimir
Matić, Branko
Karačić, Domagoj

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Abstract

In the modern world, a legal framework has been set up and a market regulator has been defi ned so that payment as a relation between the debtor and creditor can not be put in question regarding the realization of their integral rights. Countries in transition, including Croatia (the Republic of Croatia), are still trying to defi ne not only the shortterm, but also the long-term regulators that would clarify all open questions both in the economic and in the legal segment. Promissory note as the payment security instrument has in practice become operative only through a consistent use of Distraint law. A theoretical and an implementation mechanism merge into one functional mechanism, on the basis of which it can be said that in this segment the Republic of Croatia has truly overcome the transitional barriers.

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File URL: http://mpra.ub.uni-muenchen.de/6325/
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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 6325.

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Date of creation: 2007
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Handle: RePEc:pra:mprapa:6325

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Related research
Keywords: promissory note collection of claims payment insurance blank promissory notes Distraint procedure Distraint law.

Find related papers by JEL classification:
K2 - Law and Economics - - Regulation and Business Law
H5 - Public Economics - - National Government Expenditures and Related Policies
G3 - Financial Economics - - Corporate Finance and Governance
E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
H2 - Public Economics - - Taxation, Subsidies, and Revenue
G2 - Financial Economics - - Financial Institutions and Services
E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
P4 - Economic Systems - - Other Economic Systems
E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles

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