draw

To draw is to produce, create, or make any picture or line. Some common usage of the term “draw” in a legal sense include:

The withdrawal of money from a bank account, such as through presenting a check .
To receive money in advance, such as a draw on a loan .
To draft a legal document, such as a deed or will .

[Last reviewed in January of 2022 by the Wex Definitions Team ]

Keywords

llcs-corporations-partnerships

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