Business, Legal & Accounting Glossary
The party who draws the draft upon another party for payment.
My friend did not know where to look for his wallet and I told him to look in his bottom drawer.
You should make sure that you trust the other party when you are the drawer and are making a big sale.
The drawer had outlined the terms and was awaiting receipt of payment for the transaction that was ready to take place.
desk
refer
check
right-hand
bad cheque
left-hand
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This glossary post was last updated: 30th October, 2021 | 0 Views.