Withdrawer: meaning, definitions and examples
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withdrawer
[ wɪðˈdrɔːər ]
banking term
A withdrawer is an individual or entity that takes money out of an account, typically a bank account, rather than depositing. This term is commonly used in financial contexts to refer to anyone who makes withdrawals from their accounts.
Synonyms
account holder, client, customer.
Examples of usage
- The withdrawer took out a significant amount from their savings.
- As a frequent withdrawer, she kept careful track of her account balance.
- The bank requires identification from the withdrawer for security purposes.
Etymology
The term 'withdrawer' is derived from the verb 'withdraw,' which comes from the Middle English 'withdrawen' meaning to pull back or remove. The prefix 'with-' suggests a sense of removal or separation, while 'draw' is connected to the Old English 'dragan,' meaning to drag or pull. This linguistic evolution reflects the action of pulling back funds or resources. The application of this term in financial contexts has become more common with the rise of banking and electronic transactions.