Drawer

The individual or firm that issues or signs a draft instructing the drawee to pay a specified sum of money to, or to the order of, a named person (payee), or to bearer. In the case of a draft to one´s order, the drawer is also the payee. Like the endorser(s), the drawer is secondarily liable on the draft. In a documentary collection, the drawer is the seller. See draft; documentary collection.

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