Draw Legal Meaning and Definition

Here is a simplified definition of the legal term Draw.

Draw (verb)

  1. To create or prepare a written document or agreement. This may include various types of legal documents such as contracts, letters, or bills of exchange.
  2. The act of formally making and signing a payment instrument such as a check or bill of exchange. This involves specifying the amount of money, the payee, and other necessary details on the document.