{"id":13740,"date":"2018-02-12T15:28:49","date_gmt":"2018-02-12T15:28:49","guid":{"rendered":"https:\/\/reunitethestates.org\/?page_id=13740"},"modified":"2018-02-12T15:44:27","modified_gmt":"2018-02-12T15:44:27","slug":"legal-terms-pertaining-to-negotiable-instruments","status":"publish","type":"page","link":"https:\/\/reunitethestates.org\/?page_id=13740","title":{"rendered":"Drawers, Drawees, and Makers (Negotiable Instruments):"},"content":{"rendered":"

\u00a0\u00a0\u00a0\u00a0 This page is continued from Legal Instruments<\/a> >>>> Negotiable Instruments<\/a>:<\/span><\/strong><\/p>\n

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drawer<\/span><\/a> – 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).<\/span><\/strong><\/p>\n

drawee<\/span><\/a> – 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).<\/span><\/strong><\/p>\n

maker<\/span><\/a> – 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.<\/span><\/strong><\/p>\n

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