Definition of drawer: Maker or writer of a bill of exchange (check, draft, letter of credit, etc.) who directs the drawee (such as a bank) to pay the stated amount to a third party (the payee). Popular ‘Banking, Commerce, Credit, & Finance’ Terms. Drawer definition, a sliding, lidless, horizontal compartment, as in a piece of furniture, that may be drawn out in order to gain access to it. Finance. a person who draws an order, draft, or bill of exchange. 5. Definition of drawer from QFinance – The Ultimate Financial Resource. What is drawer? Definitions and meanings of drawer.
The Legal Terms Drawee, Drawer Defined & Explained. Our Newest Article: Personal Finance Guide. Definition of drawer: The party who draws the draft upon another party for payment. Reproduction of all or part of this glossary, in any format, without the written consent of WebFinance, Inc. is prohibited. GENERAL PROVISIONS AND DEFINITIONS. (5) Drawer means a person who signs or is identified in a draft as a person ordering payment. (6) reserved.
After meeting his aim with this temporary finance, he (drawer) sends back money to the acceptor thus making it possible for him to meet the bill on the due date. The Meaning in a Drawer Full of Old Family Snapshots. Shortcuts. Tips on personal finance and strategies for living from Alina Tugend.