Examlex
Payroll processing can be automated easily because accounting for payroll is very simple.
Delegator
A party in a contract who transfers his or her duties to perform to a third party who is not part of the original contract (a delegatee).
Endorsement
The act of signing the back of a financial document or negotiable instrument, thereby transferring rights or authorizing actions related to the document.
Delegatee
A third party who is not part of the original contract but to whom duties to perform are transferred by one of the contracting parties (a delegator).
Order Instrument
An instrument payable to a specific, named payee.
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