The one who agreed to make a payment, such as a bank making a payment based on a document presented to it is:

Name: The one who agreed to make a payment, such as a bank making a payment based on a document presented to it is:
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The entity that agrees to make a payment based on a document presented to it is the drawee. The payee is the entity that receives the payment, the beneficiary is the recipient of the benefit of the payment, and the drawer is the entity that initiates the payment instruction.

The One Who Agreed to Make a Payment, Such as a Bank