Definition of "Maker"

Melissa Florance-Lynch real estate agent
Melissa Florance-Lynch, Real Estate Agent Realty Executives Exceptional Realtors

Any person, company, or legal entity who signs a check or note to borrow money. By signing a payment instrument, the maker assumes full financial responsibility. For example, John is the maker for a $1,000 check and assumes full financial responsibility for it.

 

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