Examlex
A company or person who has information to convey during the communication process is referred to as
Negotiable
Capable of being transferred or converted into cash or equivalent value, often used in reference to financial instruments.
Payable on Demand
Refers to a financial obligation that must be paid by the debtor when the creditor requests it.
Drawer
In the context of banking, the person who writes or issues a check or draft instructing the drawee to pay someone else.
Drawee
The party upon whom a cheque or draft is drawn, and who is expected to pay the amount specified to the payee.
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