A participant in a bill-of-exchange transaction

• Party to a financial transaction
• Bank from which a check is paid
• Financial transaction party
• The person (or bank) who is expected to pay a check or draft when it is presented for payment
• Party to a financial exchange
• The bank, in a check transaction
• Check signer
• Bank, in a check transaction

WordNet Word definitions in WordNet
n. the person (or bank) who is expected to pay a check or draft when it is presented for payment