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English definition of “drawer”


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 → See also refer to drawer
(Definition of drawer from the Cambridge Business English Dictionary © Cambridge University Press)
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