What is Drawer?
Drawer The person or entity that writes and signs a check or bill of exchange, instructing the drawee to pay a specified sum to the payee.
Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
How is “Drawer” Used in Practice?
The drawer must sign the check and have sufficient funds for the drawee bank to honor the payment.
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Who Needs to Know This Term?
- Financial Analysts
- Bankers
- Traders
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What is Drawer?
The person or entity that writes and signs a check or bill of exchange, instructing the drawee to pay a specified sum to the payee.
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