A demand for payment. A signed order by one party, the drawer, addressed to another, the drawee, directing the drawee to pay a specified sum to the order of a third party, the payee, at a certain date.
« Back to Glossary IndexA demand for payment. A signed order by one party, the drawer, addressed to another, the drawee, directing the drawee to pay a specified sum to the order of a third party, the payee, at a certain date.
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