refer to drawer

Words written on a cheque that is being dishonoured by a bank, usually because the account of the person who drew it has insufficient funds to cover it and the manager of the bank is unwilling to allow the account to be overdrawn or further overdrawn. Other reasons for referring to the drawer are that the drawer has been made bankrupt, that there is a garnishee order against the drawer (see attachment), that the drawer has stopped it, or that something in the cheque itself is incorrect (e.g. it is wrongly dated, words and figures don't agree, etc.). The words ‘please re-present’ may often be added, indicating that the bank may honour the cheque at a second attempt.

Accounting dictionary. 2014.

Look at other dictionaries:

  • refer to drawer — ► (WRITTEN ABBREVIATION R/D) BANKING words written on a cheque that a bank has refused to pay, usually because the bank account does not contain enough money Main Entry: ↑refer sth to sth …   Financial and business terms

  • refer to drawer — ► refer to drawer Brit. a phrase used by banks when suspending payment of a cheque. Main Entry: ↑refer …   English terms dictionary

  • refer to drawer — Words written on a cheque that is being dishonoured by a bank, usually because the account of the person who drew it has insufficient funds to cover it and the manager of the bank is unwilling to allow the account to be overdrawn or further… …   Big dictionary of business and management

  • refer to drawer —    this cheque is unpaid through lack of funds    Banks use this evasion because it is dangerous to dishonour a cheque by mistake and thereby imply that the drawer has acted fraudulently.    Commonly abbreviated to RD …   How not to say what you mean: A dictionary of euphemisms

  • refer to drawer — Brit. a phrase used by banks when suspending payment of a cheque. → refer …   English new terms dictionary

  • refer to drawer — entry by a bank written on the back of a check that was not paid which tells one to call to the owner of the bank account …   English contemporary dictionary

  • refer to drawer — (U.K.) Fin to refuse to pay a check because the account from which it is drawn has too little money in it …   The ultimate business dictionary

  • refer to drawer please represent — Fin in the United Kingdom, written on a check by the paying banker to indicate that there are currently insufficient funds to meet the payment, but that the bank believes sufficient funds will be available shortly. See also refer to drawer. Abbr …   The ultimate business dictionary

  • refer — re‧fer [rɪˈfɜː ǁ ɜːr] verb referred PTandPPX referring PRESPARTX refer to phrasal verb [transitive] 1. refer to something to mention something: • I refer to your letter of 22 March …   Financial and business terms

  • refer — ► VERB (referred, referring) 1) (refer to) mention or allude to. 2) (refer to) direct the attention of (someone) to. 3) (refer to) (of a word or phrase) describe or denote. 4) ( …   English terms dictionary

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