Examlex
The ____ for an instruction specifies the data.
Drawer
In the context of banking and checks, the individual or entity that writes and signs a check, directing a bank to pay the stated amount.
Drawee
The entity, often a bank, on which a check or draft is drawn and is responsible for paying the amount specified.
Depositary Bank
A financial institution that holds and manages the securities of a depositor, facilitating the exchange of securities and related transactions.
Payor Bank
A bank that is responsible for paying a check or draft on behalf of its client.
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