Drawer – someone who directs a person or entity, usually a bank, to pay a sum of money stated in a draft or bill of exchange (i.e. a person who writes a check)

    This page is continued from Legal Instruments >>>> Negotiable Instruments:

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drawer:
(17c)

1. Someone who directs a person or entity, usually a bank, to pay a sum of money stated in an instrument — for example, a person who writes a check. UCC § 3-103(a)(5). See MAKER.

2. Under the UCC, a person who signs or is identified in a draft as a person ordering payment. UCC § 3-103(a)(5). [1]

1. The maker of a draft or bill of exchange. [2]

1. The maker of a draft. [3]

References:

Disclaimer: All material throughout this website is compiled in accordance with Fair Use.

[1]: Black’s Law Dictionary Deluxe Tenth Edition by Henry Campbell Black & Editor in Chief Bryan A. Garner. ISBN: 978-0-314-62130-6

[2]: Ballantine’s Law Dictionary with Pronunciations
Third Edition
 by James A. Ballantine (James Arthur 1871-1949).  Edited by William S. Anderson.  © 1969 by THE LAWYER’S CO-OPERATIVE PUBLISHING COMPANY.  Library of Congress Catalog Card No. 68-30931

[3]: Ballantine’s Law Dictionary Legal Assistant Edition
by Jack Ballantine 
(James Arthur 1871-1949).  Doctored by Jack G. Handler, J.D. © 1994 Delmar by Thomson Learning.  ISBN 0-8273-4874-6.

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