The word does not refer to a particular list of edible organs, which varies by culture and region, but includes most internal organs excluding muscle and bone. As an English mass noun, the term offal has no plural form.
The term payor, or payer, derives from the Latin word pac?re, which meant to pacify. In addition to being used as noun, payor can also be used as a verb to denote one is paying for something, such as a fine or service, or to note that one pays for something in metaphorical terms. The antonym of payor is payee, which means one to whom money is paid..
A draft that is payable on demand is called a sight draft because the drawee must comply with its terms of payment when it is presented, in his or her sight or presence, by the payee. In contrast, a time draft is one that is payable only on the date specified on its face or thereafter. A draft may be payable to a designated payee or to the bearerâthe person who has possession of the draft at the time it is presented to the drawee for paymentâpursuant to the drawer's directions. A draft is sometimes synonymous with a bill of exchange, Commercial Paper, or negotiable instrument.