drawer

drawer
the person who writes a cheque in payment for goods or services. Glossary of Business Terms
————
The party initiating a draft. Bloomberg Financial Dictionary

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drawer draw‧er [ˈdrɔːə ǁ ˈdrɒːər] noun [countable] BANKING
1. a person who writes a cheque and so gives an instruction to his or her bank to pay a sum of money to someone
2. 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 it
3. 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

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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.

→ Compare PAYEE(Cf. ↑payee)
→ See also REFER TO DRAWER(Cf. ↑refer to drawer)

Financial and business terms. 2012.

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Look at other dictionaries:

  • drawer — draw·er / drȯ ər/ n: the party that draws a draft compare drawee, payee Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • drawer — S3 [dro: US dro:r] n ↑handle, ↑drawer [Date: 1500 1600; Origin: DRAW1] 1.) part of a piece of furniture, such as a desk, that you pull out and push in and use to keep things in ▪ She took a file from her desk drawer . ▪ The scissors are in the… …   Dictionary of contemporary English

  • Drawer — or Drawers may refer to: Drawer (furniture) A person who engages in drawing pictures Payor, a person who draws a bill of exchange Undergarment, underwear Drawer test, a test used to detect rupture of the cruciate ligaments in the knee The drawer …   Wikipedia

  • drawer — draw er, n. 1. One who, or that which, draws; as: (a) One who draws liquor for guests; a waiter in a taproom. Shak. (b) One who delineates or depicts; a draughtsman; as, a good drawer. (c) (Law) One who draws a bill of exchange or order for… …   The Collaborative International Dictionary of English

  • drawer — mid 14c., agent noun from DRAW (Cf. draw) (v.). Attested from 1570s in sense of a box that can be drawn out of a cabinet …   Etymology dictionary

  • drawer — ► NOUN 1) a lidless storage compartment made to slide horizontally in and out of a desk or chest. 2) (drawers) dated or humorous knickers or underpants. 3) a person who draws something. 4) the person who writes a cheque …   English terms dictionary

  • drawer — [drô′ər; ] for 5 [, drôr] n. 1. a person or thing that draws 2. Archaic TAPSTER 3. a person who draws an order for the payment of money 4. a draftsman 5. a sliding storage box in a table, bureau, chest, etc., that can be drawn out and then pushed …   English World dictionary

  • drawer — noun ADJECTIVE ▪ deep, shallow ▪ a desk with two deep drawers on either side ▪ open ▪ locked ▪ bottom …   Collocations dictionary

  • drawer — n. 1) to close, push in a drawer 2) to open, pull out a drawer * * * [ drɔːə] pull out a drawer push in a drawer to close to open …   Combinatory dictionary

  • drawer — [16] A drawer is literally something that is ‘drawn’ or ‘pulled’ out. The coinage was perhaps based on French tiroir ‘drawer’, which was similarly derived from the verb tirer ‘pull’. The same basic notion underlies the formation of drawers [16],… …   The Hutchinson dictionary of word origins

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