Pawleys Island SC Area. PAWLEYS ISLAND / LITCHFIELD. These âarrogantly shabbyâ beaches have been welcoming folks since the 1700âs when the Plantation owners would move their families, livestock and workers over to the island to escape the mosquitoes.
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).
To understand the differences between the three, it helps to know a few related terms. As the name suggests, a promissory note represents a promise to pay a certain amount to a payee. Payee refers to the party being paid. Maker is the legal term for the person who signs a promissory note. The person who writes the check for a bill of exchange or promissory note is the drawer, while the payer is the drawee.. If it comes from a bank, the bill of exchange gets called a bank draft.