- the person who writes a cheque in payment for goods or services. Glossary of Business Terms————The party initiating a draft. Bloomberg Financial Dictionary
* * *drawer draw‧er [ˈdrɔːə ǁ ˈdrɒːər] noun [countable] BANKING1. a person who writes a cheque and so gives an instruction to his or her bank to pay a sum of money to someone2. refer to drawer written abbreviation R/D words written by a bank on a cheque that has not been paid, usually because there is not enough money in the account of the person who wrote it3. a person who signs a bill of exchange that gives an instruction to another person to pay a sum of money at a particular time
* * *drawer UK US /drɔːr/ noun [C]► BANKING the person who writes a cheque telling their bank to pay an amount of money to someone: »
Where a cheque was dishonoured, the payee had an immediate right of recourse against the drawer of the cheque.► FINANCE, COMMERCE the person who writes a bill of exchange telling someone to pay an amount of money at a stated time: »
You must state the name of the drawer of the bill - the exporter - followed by the amount in words specifying clearly the currency of the bill.
Financial and business terms. 2012.