Examlex
Dr. Sullivan conducts research that involves measuring the amount of change in student scores on state math tests at the beginning of the year and at the end of the year for students in top teachers' classrooms. What type of research is Dr. Sullivan conducting?
Payee
A person to whom an instrument is made payable.
Maker's Obligation
The responsibility of the creator of a negotiable instrument to pay the specified amount to the holder of the instrument upon its presentation.
Draft
Any instrument (such as a check) drawn on a drawee (such as a bank) that orders the drawee to pay a certain sum of money, usually to a third party (the payee), on demand or at a definite future time.
Drawee
The party that is ordered to pay a draft or check. With a check, a financial institution is always the drawee.
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