 | Stoddard A. Felter, Samuel Ashbel Farrand - Arithmetic - 1877 - 496 pages
...pay a specified sum of money. 1. The Maker or Drawer of the note is the person who promises to pay. 2. The Payee is the person to whom the money is to be paid. 32. The Face of the Note is the amount promised to be paid. 1. To make a note valid in law, the words... | |
 | Samuel Mecutchen, George Mornton Sayre - Arithmetic - 1877 - 200 pages
...a note is the time for which it is drawn. The Maker or Drawer of a note is the person who signs it. The Payee is the person to whom the money is to be paid. The Face of a note is the amount for which it is drawn. The Dale of the above note is Jan. 2, 1877,... | |
 | George Edward Atwood - Arithmetic - 1894 - 396 pages
...the person who signs the draft. 280. The Drawee is the person who is requested to pay the money. 281. The Payee is the person to whom the money is to be paid. 282. A Sight Draft is a draft payable on presentation to the drawee. 283. A Time Draft is a draft payable... | |
 | George Edward Atwood - Arithmetic - 1899 - 392 pages
...Face of a note is the sum named in the note. 225. The Maker of a note is the person who signs it. 226. The Payee is the person to whom the money is to be paid. 227. The Holder is the person who has the note in his possession. 228. The Indorser is the person who... | |
 | International Correspondence Schools - Bookkeeping - 1899 - 650 pages
...person that requests payment to be made; the drawee is the person requested to make such payment; and the payee is the person to whom the money is to be paid. 23. A draft is accepted by the drawee if he writes on its face the word "Accepted" and the date of... | |
 | Wilbur Fisk Nichols - 1905 - 208 pages
...pages 171-175.) J! |aA<wn/iA*/ to- 'JQXIA^ to g^y. _ OTV cU/m/O/YlxL UMxtK/ t/VbttA/tXl/t Cut b%. \. A promissory note is a written promise of one person...back of the note. 6. A note of $400 was dated Apr. 21, 1901. The indorsements were: June 27, 1902, $125; Dec. 9, 1902, |200. What was due Oct. 9, 1903?... | |
 | Civil engineering - 1906 - 590 pages
...person that requests payment to be made; the drawee is the person requested to make such payment; and the payee is the person to whom the money is to be paid. 23. A draft is accepted by the drawee if he writes on its face the word "Accepted" and the date of... | |
 | John Cameron Gray - Arithmetic - 1910 - 556 pages
...Drawer of the note — the maker. The note is drawn in favor of the person to whom the promise is made. The payee is the person to whom the money is to be paid. The date of maturity of a note is the date when the note is to be paid. The period of maturity of a... | |
 | American Institute of Banking - Banks and banking - 1925 - 360 pages
...The drawee is the person who is ordered to pay the money and the draft is therefore addressed to him. The payee is the person to whom the money is to be paid. In writing a draft it is customary, though not necessary, to place the name of the person who is to... | |
| |
The payee is the person to whom the money is to be paid. 