This page is continued from Legal Instruments >>>> Negotiable Instruments:
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drawer – someone who directs a person or entity, usually a bank, to pay a sum of money stated in a draft or bill of exchange (i.e. a person who writes a check).
drawee – the person upon whom a draft or bill of exchange is drawn; the person to whom the paper is presented for acceptance and payment (the drawee is always a bank).
maker – one who obligates himself by entering into a contract, executing (signing) a promissory note, drawing a bill of exchange, or, in the case of lawmakers, framing, promulgating, or ordaining.
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