The person who signs a note receivable and promises to pay is the

Question

Quizplus · Accepted Answer

The person who signs a note receivable and promises to pay is called the maker. They are the one creating the promissory note and agreeing to repay the debt at a later time. The payee is the one who receives the money, the holder is the one who currently possesses the note, the receiver is a vague term, and the owner could refer to anyone who has ownership in the note, including both the maker and the holder.

The Person Who Signs a Note Receivable and Promises to Pay