Examlex
One striking aspect of the Lowell factories was:
Negotiability
The characteristic of a document (such as a check or note) signifying that it can be transferred from one person to another in a manner that the recipient takes it free of most defenses that could be raised by the original maker or drawer.
Agent's Signature
The signature of a person who is authorized to act on behalf of another, indicating consent or agreement in a contractual context.
Maker
In the context of contracts, the party who creates or signs a promissory note to pay a certain amount of money to another party.
Drawer
In banking and finance, a drawer refers to the party that writes and signs a check or draft, directing a bank or other financial institution to pay a specified amount to a named payee.
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