14:40
@cumsock: 3.6 UGPA and 164 LSAT
Warning
Info
Warning
Info
LSDefine
Simple English definitions for legal terms
drawer
Read a random definition: laesiwerp
A quick definition of drawer:
A drawer is someone who writes a special note telling a bank to give money to someone else. It's like a special kind of letter that tells the bank what to do with the money.
A more thorough explanation:
Drawer
A drawer is a person who writes a check, instructing the bank to pay a specific amount of money to someone else (the payee).
When you write a check to pay your rent, you are the drawer. You are instructing your bank to pay your landlord the amount of money you owe for rent.
Another example is when a business writes a check to pay for supplies. The business is the drawer, and the supplier is the payee.
These examples illustrate how the drawer is the person who initiates the payment by writing a check and directing the bank to pay the specified amount to the payee.