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maker:
(14c)
1. Someone who frames, promulgates, or ordains (as in lawmaker).
2. Someone who signs a promissory note. See NOTE (1). Cf. COMAKER.
3. DRAWER. [1]
1. One who obligates himself by entering into a contract, executing a promissory note, or drawing a bill of exchange. [2]
1. A person who obligates himself by executing a check, promissory note, draft, or other negotiable instrument.
2. A manufacturer; a creator; an originator. [3]
Types of Makers:
accommodation maker – the drawer of a bill, or the maker of a note as a surety, to which he has put his name for the purpose of accommodating, by a loan of his credit, some other person who is to provide for the bill or note when it falls due.
prime maker – the person who is primarily liable on a note or other negotiable instrument.
References:
Disclaimer: All material throughout this website is compiled in accordance with Fair Use.
[1]: Black’s Law Dictionary Deluxe Tenth Edition by Henry Campbell Black & Editor in Chief Bryan A. Garner. ISBN: 978-0-314-62130-6
[2]: Ballantine’s Law Dictionary with Pronunciations
Third Edition by James A. Ballantine (James Arthur 1871-1949). Edited by William S. Anderson. © 1969 by THE LAWYER’S CO-OPERATIVE PUBLISHING COMPANY. Library of Congress Catalog Card No. 68-30931
[3]: Ballantine’s Law Dictionary Legal Assistant Edition
by Jack Ballantine (James Arthur 1871-1949). Doctored by Jack G. Handler, J.D. © 1994 Delmar by Thomson Learning. ISBN 0-8273-4874-6.
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