The author pointed out that the legal nature of note discount should be the two parties ' legal act of bill right transfer by analyzing defects of “ the loan doctrine ” and “ the note act doctrine ” 作者通過分析“貸款說”和“票據(jù)行為說”的缺陷,指出票據(jù)貼現(xiàn)的法律性質(zhì)應(yīng)該為票據(jù)權(quán)利轉(zhuǎn)讓的雙方法律行為。