A more thorough explanation:

A “maker” is someone who creates, constructs, carries out, or authorizes something. In legal terms, the term “maker” can refer to:

• Check or Promissory Note: The person who signs a check or promissory note, making them responsible for payment.
• Endorser: The person who endorses a check or note to another person before it is delivered, making them obligated to pay until it is delivered.
• Securities Law: A corporate officer or director who has ultimate authority over a statement, including its content and how it is communicated, may be considered the “maker” of the statement and held responsible for any violations of anti-fraud provisions of federal securities laws.

For example, if John signs a check to pay for his rent, he is the maker of the check and responsible for ensuring that the payment is made. If Sarah endorses a check to her friend before delivering it, she becomes the maker of the check and responsible for payment until it is delivered. In securities law, if a CEO of a company makes a false statement about the company's financial status, they may be considered the maker of the statement and held responsible for any resulting violations.