Examlex
Simultaneous conditioning is a form of forward conditioning.
Maker
The party in a financial transaction who creates or signs a promissory note, thereby agreeing to pay the note's value to a specified party.
Drawer
The person who writes or signs a bill of exchange, such as a check, thus creating a financial obligation.
Sight Draft
A financial instrument that is payable on presentation or sight to the drawer.
Payable
Refers to debts or obligations of an individual or company that are due to be paid to creditors.
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