drawer
Definition
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). In documentary credit, the drawer is the beneficiary of a letter of credit. Also called writer.
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drawer is in the Banking, Commerce & Finance and International Trade & Relations subjects.
drawer appears in the definitions of the following terms:
wrongful dishonor,
dishonor by non-payment,
draft,
bill of exchange (BOE),
fictitious payee rule,
for value received,
deed of protest,
demand draft,
circular credit,
recourse
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