maker

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Maker

One who makes, frames, executes, or ordains; as a lawmaker, or the maker of a promissory note. One who signs a note to borrow and, as such, assumes the obligation to pay the note when due. The person who creates or executes a note, that is, issues it, and in signing the instrument makes the promise of payment contained therein. One who signs a check; in this context, synonymous with drawer. One who issues a promissory note or certificate of deposit.

maker

n. 1) the person who signs a check or promissory note, which makes him/her responsible for payment. 2) a person who endorses a check or note over to another person before it is delivered, making the endorser obligated to pay until it is delivered. (See: check, promissory note, payor, payee)

maker

noun author, devisor, donor, initiator, producer
Associated concepts: maker of a note, maker of an instruuent
See also: architect, author, contractor, originator

MAKER. This term is applied to one who makes a promissory note and promises to pay it when due. He who makes a bill of exchange is called the drawer, and frequently in common parlance and in books of Reports we find the word drawer inaccurately applied to the maker of a promissory note. See Promissory note.

References in periodicals archive ?
Originally launched in 2013, Makers Monday encouraged consumers to pledge to buy American on the Monday after Thanksgiving and to share that pledge and their American-made purchase on their social networks.
As one of the "three sacred treasures," the digital camera has been critical to the consumer electronics industry, but many DSC makers have started to experience excess inventories and deteriorating profits.
The suits could also cause the closure of gun makers by forcing them to meet unrealistic design criteria--such as "smart chips" that allow only one specific person to fire a particular gun.
When asked about which maker offers the most attractive looking handset, about 15% of respondents selected Sharp and Panasonic, followed by Toshiba (about 10%).
It is the biggest maker of household air conditioners, one of the top three manufacturers of microwave ovens and a leading maker of refrigerators and washing machines.
To defend your estimate, you must present a strong case and back up your estimate to the satisfaction of the decision makers by providing:
The price-sensitive Chinese tire makers are known to switch between the two raw materials more willingly than their overseas competitors, to take advantage of changing price trends.
About 95% of business decision makers agree that CPAs are committed to the rules of the profession and consistently demonstrate integrity and ethics.
No-name computer makers gain market share on Compaq, IBM and other major players.
Apple Computer's mighty Macintosh is facing real competition--from the still-expanding PC market and from the makers of Macintosh clones.
It discusses the marketing of library "products" through supplementing traditional measures of input and output with considerations of impact and by seeking to adapt and express library products in terms of the cognitive universes of decision makers.