Examlex
How are the inputs assigned in the PLC described in this chapter?
Indorsers
Individuals who endorse or sign their name on the back of a document or cheque, thus transferring responsibility or ownership to another party.
Drawers
In banking and finance, individuals or entities that write and issue a check or draft instructing a bank to pay a specific amount from the drawer's account.
Accommodation Maker
A person who signs a loan agreement as a guarantor without receiving any benefits from the loan.
Primary Liability
The obligation to be the first or main party responsible for payment or performance under a legal instrument, such as a loan or contract.
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