Occupation
A person who physically writes a check or cheque. The check writer is also known as the "payor", "signer", "maker",! the drawer, or the "account holder". The signer or presenter of the check, or person who prints and authorizes the check.
In U.S. law, in Article 3 of the Uniform Commercial Code, codified in most U.S. State statutes, a check is a form of negotiable instrument evidencing an order (as opposed to a promise) to pay a fixed amount of money, according to §3-104(a).
§3-104(f) specifies that
| “ | "Check" means
(i) a draft, other than a documentary draft, payable on demand and drawn on a bank; or An instrument may be a check even though it is described on its face by another term, such as 'money order.' |
” |
Such an order is issued by the drawer.
§3-103(a)(3) specifies that
| “ | "Drawer" means a person who signs or is identified in a draft as a person ordering payment. | ” |
Read more about this topic: Checkwriter
Famous quotes containing the word occupation:
“For myself I found that the occupation of a day-laborer was the most independent of any, especially as it required only thirty or forty days in a year to support one. The laborer’s day ends with the going down of the sun, and he is then free to devote himself to his chosen pursuit, independent of his labor; but his employer, who speculates from month to month, has no respite from one end of the year to the other.”
—Henry David Thoreau (1817–1862)
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—Jerome K. Jerome (1859–1927)
“... possibly there is no needful occupation which is wholly unbeautiful. The beauty of work depends upon the way we meet it—whether we arm ourselves each morning to attack it as an enemy that must be vanquished before night comes, or whether we open our eyes with the sunrise to welcome it as an approaching friend who will keep us delightful company all day, and who will make us feel, at evening, that the day was well worth its fatigues.”
—Lucy Larcom (1824–1893)