 The person who signs the note and is to pay the money is the maker, and the person to whom the money is to be paid is the payee. The place of payment given is usually the maker's bank. The words "Value received," although not essential, are generally...  Everyday Arithmetic: Book One-three - Page 40by Franklin Sherman Hoyt, Harriet E. Peet - 1915Full view - About this book
 | William Mackenzie (Solicitor) - Law - 1858 - 172 pages
...requcsted to pay is the drawee, who, when he signifies his assent by acceptance, is called the acceptor, and the person to whom the money is to be paid is the payee. Bills are either foreign or inland. Foreign bills only were properly bills of exchange. Foreign bills... | |
 | Edward Brooks - 1863 - 344 pages
...signs the bill is called the jfaker or Dniirer ; the person requested to pay is called the Drawee; the person to whom the money is to be paid is the Payee; the person who has possession of the bill is called the Owner or Holder. 354. .A Sight Bill is an order... | |
 | Shelton Palmer Sanford - Arithmetic - 1872 - 404 pages
...signs the bill is called the DRAWER or MAKER; the person on whom it is drawn is called the DRAWEE ; and the person to whom the money is to be paid is called the PAYEE. ART. 300. Exchange is said to be at par when a given sum at the place from which... | |
 | Edward Brooks - Arithmetic - 1877 - 444 pages
...who signs the bill is called the Maker or Drawer ; the person requested to pay is called the Drawee; the person to whom the money is to be paid, is the Payee ; the person who has possession of the bill is called the Owner or Holder. 517. The Acceptance of a bill... | |
 | Edward Brooks - Arithmetic - 1877 - 232 pages
...who signs the bill is called the Maker or Drawer ; the person requested to pay is called the Drawee ; the person to whom the money is to be paid, is the Payee ; the person who has possession of the bill is called the Oimer or Holder. 517. The Acceptance of a bill... | |
 | James Hamblin Smith, Thomas Kirkland - Arithmetic - 1877 - 376 pages
...writes u accepted" with his signature and the date, across the face of it. he becomes the ACCEPTOR. The person to whom the money is to be paid is the PAYEE ; if he transfers payment to another he ENDORSES it. ie, he writes his name across the back of it and... | |
 | Edward Brooks - Arithmetic - 1877 - 438 pages
...who signs the bill is called the Maker or Drawer ; the person requested to pay is called the Drawee ; the person to whom the money is to be paid, is the Piujee ; the person who has possession of the bill is called the Omier or Holder. 517. The Acceptance... | |
 | Edward Brooks - Arithmetic - 1895 - 198 pages
...signs the order is called the Maker or Drawer. 2. The person requested to pay is called the Drawee. 3. The person to whom the money is to be paid is the Payee. 4. The person who has possession of the bill is the Owner or Holder. 488. The Acceptance of a draft... | |
 | Harry Marc Rowe - Bookkeeping - 1917 - 148 pages
...drawer of the draft. The party to whom the request is made is known as the drawee, while the party to whom the money is to be paid is the payee. The payee and the drawer may be the same party. Therefore: A Draft is the written request of one party,the... | |
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