Drawing
/ˈdrɔːɪŋ/
Definitions
- (n.) A written order directing the payment of money, commonly used as a draft or informal check.
The bank honored the drawing presented by the payee.
- (n.) The act or process of withdrawing funds from an account.
The partner's drawing reduced the business's cash reserves.
Forms
- drawings
Related terms
See also
Commentary
In legal and financial contexts, "drawing" often relates to the act of authorizing payment or withdrawal, distinct from the artistic meaning.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.