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Authorized Agent
An individual or entity that has been given the legal authority to act on behalf of another person or entity in business transactions or other matters.
Warranties On Presentment
Guarantees made concerning the validity, authenticity, and condition of a negotiable instrument when it is presented for payment or acceptance.
Payor
A payor, in financial transactions, is the party that makes a payment to another party, the payee, often in fulfillment of an obligation such as a bill, loan, or settlement.
Acceptor
The party who agrees to pay a bill of exchange, such as a draft or check, upon its presentation.
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