drawer

/drɔːr/ noun [C]

Definition

› 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

(Definition of drawer noun from the Cambridge Business English Dictionary © Cambridge University Press)