Draw
Definition
(1) The withdrawal of money from a bank account, such as through presenting a check.
(2) To receive money in advance, such as a draw on a loan.
(3) To draft a legal document, such as a deed or will.
See also
Definition from Nolo’s Plain-English Law Dictionary
1) The withdrawal of profits from a partnership or LLC by a partner or LLC member. 2) To prepare any legal document. 3) To prepare and sign a bill of exchange or check.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:15 pm
