Examlex
Stockbrokers are eligible to file Chapter 11 bankruptcy.
Drawee
In financial transactions, the party on whom a check or draft is drawn and who is responsible for paying the specified amount.
Obligated
Being legally or morally bound to do something or to fulfill a contract or promise.
Drawer
The person who issues or writes a negotiable instrument, such as a check, directing the payment of the specified amount of money.
Demand Instrument
A financial instrument that is payable immediately upon demand, such as a check or certain promissory notes.
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