Who are endoser and endorsee and how are they different from drawer and drawee

Dear Student,

Drawer: The person holding the bill and entitled to claim the amount stated in the bill (usually the seller of goods)
Drawee: The person who accepts the bill and liable to pay the amount stated in the bill (buyer of goods)
Endorser: The drawer/holder of the bill becomes endorser when he/she forwards the bill to his/her creditor
Endorsee: The new receiver (creditor of drawer) of the bill

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