Which of the following terms is not a name given to of one of the parties to a bill of exchange?

Name: Which of the following terms is not a name given to of one of the parties to a bill of exchange?
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Question

Quizplus · Accepted Answer

The term "Drafter" is not a commonly used name for a party in a bill of exchange. The drawer is the person or entity that creates the bill and orders payment, the drawee is the party that is ordered to make payment, and the payee is the party that receives payment.

Which of the Following Terms Is Not a Name Given