Explanation:

- Payee: This is the person to whom money is directed to be paid. In a financial instrument, it is the individual or entity that is to receive the funds.

- Drawer: The party who writes or creates the financial instrument, such as a check or draft.

- Acceptor: The party who accepts a bill of exchange, thus committing to pay it when due.

- Maker: The party who is responsible for creating the promissory note and promises to pay the money.