(1)Drawer: Drawer means the person who draws a cheque.
(2)Drawee: banker or paying banker means the banker on whom the cheque is drawn.
(3)Payee: Means the
person to whom the cheque is drawn payable.
(4)Endorser: The person who
transfer the ownership of a cheque is known as endorser
(5)Endorsee: To whom the cheque
is being endorsed is known as endorsee
(6)Holders: The person who is
currently in the position of a cheque is known as holder
(7)Holder in the due course: When
the amount is received from the bank, the holder is called holder in due course
