Examlex
Subparagraphs are the major divisions of the Internal Revenue Code covering such broad topics as Income Taxes, and Estate and Gift Taxes.
Payor Bank
The bank responsible for disbursing the funds indicated on a check.
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.
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