What is the term for a person who executes a note?

The term for a person who executes a note is a "maker." This individual is responsible for signing the promissory note, thereby committing to repay the amount stated in the note to the payee. The maker's signature signifies their agreement to the terms laid out within the note, including the promise to pay a specified sum on a specified date.

In contrast, the other roles mentioned in the choices refer to different functions within the context of financial instruments. A binder usually refers to someone who secures an agreement or contract, often in real estate, rather than executing a financial note. An endorser is someone who signs a financial instrument, such as a check or note, to transfer rights or ownership to another party but does not originally create the obligation. The payee is the person or entity to whom the money is owed, indicating that they will receive the payment from the maker. Therefore, the maker is the correct term for the individual who executes or creates the note by signing it.