maker

maker.

1. One who frames, promulgates, or ordains (as in lawmaker).

2. A person who signs a promissory note. See NOTE(1). Cf. COMAKER. [Cases: Bills and Notes 48, 118. C.J.S. Bills and Notes; Letters of Credit§§ 23, 80–82.]

3. DRAWER.

accommodation maker. One who signs a note as a surety. See ACCOMMODATION(2); accommodation indorser under INDORSER. [Cases: Bills and Notes 49, 122. C.J.S. Bills and Notes; Letters of Credit §§ 24–25.]

prime maker. The person who is primarily liable on a note or other negotiable instrument.


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