Drawer On A Check
In documentary credit the drawer is the beneficiary of a letter of credit.
Drawer on a check. Drawer and payee can be the same person if it is a self cheque. A check typically involves three parties 1 the drawer who writes the check 2 the payee to whose order the check is made out and 3 the drawee or payor bank the bank which has the drawers checking account from which the check is to be paid. Who is the drawer on a check. The person to whom the check is written is the payee.
Wiki user january 05 2012 539pm. We need you to answer this question. 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. The person writing the check is the maker or drawer.
If you know the answer to this question please register to join our limited beta program and start the conversation right now. Cashing a check is the process of converting a check into cash. The person making out a cheque and using it for payments. The drawer is the individual who issues the cheque instructing the bank drawee to pay the recipient payee.
Checks are monetary instruments that can be exchanged for cash.
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