WebMaker. A “maker” is a person who makes, frames, executes, or ordains. Some common uses of the term “maker” in a legal sense include: In the context of a check or promissory note, a “maker” is the person who signs a check or promissory note, which makes that person responsible for payment. “Maker” may also refer to a person who ... Webdrawer: [noun] one that draws: such as. a person who causes liquor to come out of a container : one who draws (see 1draw 1b) liquor. draftsman. one that draws (see 1draw …

What Is A Drawer? Drawer Overview - Zippia

Webacceptance. n. 1) receiving something from another with the intent to keep it, and showing that this was based on a previous agreement. 2) agreeing verbally or in writing to the terms of a contract, which is one of the requirements to show there was a contract (an offer and an acceptance of that offer). A written offer can be accepted only in ... WebBasically, there are three parties to a cheque: Drawer: The person who draws the cheque, i.e. signs and orders the bank to pay the sum. Drawee: The bank on which the cheque is drawn or who is directed to pay the specified sum written on the cheque. Payee: The beneficiary, i.e. to whom the amount is to be paid. douglas jd-1

Drawer - definition of drawer by The Free Dictionary

Webdrawer. a person who draws a BILL OF EXCHANGE. See DRAW. DRAWER, contracts. The party who makes a bill of exchange. 2. The obligations of the drawer to the drawee … WebNegotiable instruments are written and signed legal documents that ensure a party pays or repays another party within a set period or on-demand. These are the safest modes of payment as they contain the name of the issuer and the name of the recipient on them. Such financial products are easily transferable, and individuals are free to either ... WebDrawer Law and Legal Definition A drawer directs a person or entity to pay the amount stated in an instrument, such as, a person who writes a check and the maker of a note … rac redoログ