Drawer meaning

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English dictionary definition of drawer. One that draws, especially one that draws an order for the payment of money.

A boxlike compartment in furniture that can be pulled. How to use drawer in a sentence. In this article, I will explain the drawer meaning , drawee meaning , and payee meaning with example.

Before that, let me provide you the literary definition of drawer , drawee, and payee. Drawer financial definition of Drawer. He gives the order to pay money to the third party. Definition of drawer in the Idioms Dictionary.

Maker or writer of a bill of exchange (check, draft, letter of credit, etc.) who directs the drawee (such as a bank) to pay the stated amount to a third party (the payee). In documentary credit, the drawer is the beneficiary of a letter of credit.

This was where Victorian gentry kept their most valuable items - jewelry, best clothes etc. Fast 1st Class Delivery only £1. Top-drawer definition: If you describe someone or something as top-drawer , you are saying , often in a humorous. A person who orders a bank to withdraw money from an account to pay a designated person a specific sum according to the term of a bill, a check, or a draft.

An individual who writes and signs a Commercial Paper , thereby becoming obligated under its terms. Typically this was the place that a woman might store items in preparation for her marriage. Literally, the lowest drawer of a chest of drawers. I keep all my underwear in the top drawer of my dresser, and my pants in the drawer below it. Get a drawer mug for your sister Julia.

A person or bank that is ordered by its depositor, a drawer , to withdraw money from an account to pay a designated sum to a person according to the terms of a check or a draft. Oxford Dictionaries as A box-shaped storage compartment without a li made to slide horizontally in and out of a desk, chest, or other piec. Transform Your Home in Style!

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Overdraft accounts, the cheque amount exceeds. This is not a question about grammar but more about financial instruments such as cheques, drafts, etc. The act of writing out a cheque is referred to as “drawing”.

Under the Uniform Commercial Code, a bank that accepts a check for deposit warrants to the drawee bank that all indorsements on the check are genuine, and the bank is liable to the drawee bank for the amount of the check plus expenses and lost interest if an indorsement on the check was forged.

It refers to a document prepared by a professional, usually from the PR department, to give background or explanatory information about an issue, product or event. A drawer memo is meant to be kept in a drawer and not released to the general. The DRAWER is the individual who issues the cheque, instructing the bank (DRAWEE) to pay the recipient (PAYEE).

Keep using draw instead of drawer ? What does drawer mean ? Information and translations of drawer in the most comprehensive dictionary definitions resource on the web.