Question

Jamal Steel, a rapidly growing small steel company with annual revenues of $8 million, is looking to buy a large industrial furnace from Shinto Manufacturing, a Japan-based company. Rather than have a letter of credit binding the two parties, both agree on a draft. In international commerce, Shinto Manufacturing, the party initiating the draft, is known as the

Answer 1

Maker

Step-by-step explanation:

A maker is a person that initiates contracts.

In the case of the question above, the company who is initiating the draft is the maker.

etc.