Examlex
An iMac personal computer from Apple can be classified according to all of these categories except which?
Drawer
The party that writes an order, or the person who writes a check.
Payee
The party that receives the benefit of an order (check, etc.).
Drawee
The party that must obey an order. In the context of banking, the drawee is the bank that must pay the funds ordered by a customer’s check.
Regulation E
A provision of the Electronic Fund Transfer Act that outlines rules for electronic payments, including transfers via ATM, debit card, and other direct transfers.
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