... one person, the draft’s drawer, to another person, its drawee, to make a payment paying either to the drawer or to a third person, the payee of the draft A check, the most common form of draft in ... For the holder of the banker’s acceptance, the risk is the bank’s credit Historically, if the drawer of a bill of exchange did not have a good or known credit rating but the drawee did, the acceptance ... goldsmith, the goldsmith might issue to the merchant a number of receipts in smaller amounts, each representing a part of the deposit and all of them together representing the entire large deposit These...