payment drawn on

USAGE SUMMARY

The phrase "payment drawn on" is correct and usable in written English.
It is typically used in financial contexts to indicate the source or institution from which a payment is issued or drawn. Example: "The payment drawn on Bank of America was processed successfully."

✓ Grammatically correct

Human-verified similar examples from authoritative sources

Similar Expressions

60 human-written examples

Wire Transfer For payments drawn on foreign banks, the University recommends a wire transfer as the most efficient method of payment.

Columbia University

Banks will no longer have to fly paper cheques across the country, but the new system will be costly too worthwhile only for fairly large payments drawn on banks far away.

The Economist

The complaint accused Rodriguez — who was a senior executive at PUC until he joined the L.A. school board in July 2015 — of possibly being on both sides of a series of transactions when he allegedly authorized about $285,000 in payments drawn on PUC's accounts.

Los Angeles Times

Another option is for the federal government to create a "career transition bank" that unemployed borrowers could draw on to meet their payments.

The New York Times

Even with the debt payments, Ford has built a sizable cash cushion to draw on in the event of another economic crisis.

The New York Times

And since cheques and other payments are often drawn on bank accounts, the payments system can come under strain.In this section The game is up Bankers' mistrust A conduit to nowhere Behind the veil Mortgage flu Not-yet-desperate housewives Trouble in paradise What would Bagehot do?

The Economist

§ 202.7 Maintenance of balances within authorizations. 1 The regulations, which previously appeared in this part, governing payment of checks drawn on the United States Treasury now appear in revised form in part 240 of this chapter (Department Circular 21 (Second Revision)).

Cornell University

Acceptable forms of payment are 1) checks in USD drawn on a U.S. bank, 2) postal or bank money order in USD, or 3) travelers checks (please sign on both the top and bottom lines if using travelers checks).

Duke University

Acceptable forms of payment include credit card (Visa, MasterCard , Discover& American Express), check drawn on a US bank in US dollars, wire transfer, and internal transfer (MIT only).

Massachusetts Institute of Technology

Payment by Mail Checks and money orders in U.S. dollars drawn on a U.S. bank account should be made payable to Columbia University.

Columbia University

Payment must be made through the online application using either an e-check in U.S. dollars drawn on a U.S. bank, or a Visa, MasterCard, American Express, or Discover credit card.

Cornell University

Expert writing Tips

Best practice

When specifying the institution or account from which a payment originates, use "payment drawn on" for clarity and precision.

Common error

Avoid using "payment drawn on" when you intend to describe who is responsible for the payment. Instead, focus on describing the source of the payment funds or which account the payment comes from.

Linguistic Context

The phrase "payment drawn on" functions primarily as an adjectival phrase specifying the origin or source of a payment. As Ludwig AI explains, it is typically used in financial contexts. It modifies "payment" by indicating where the funds are being taken from.

Expression frequency: Missing

Frequent in

Academia

0%

Formal & Business

0%

News & Media

0%

Less common in

Science

0%

Encyclopedias

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Wiki

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Ludwig's WRAP-UP

The phrase "payment drawn on" is a grammatically sound construction used to specify the source from which a payment originates. While Ludwig AI confirms its correctness and typical use in financial contexts, the phrase's frequency is currently missing, suggesting a need for increased awareness of its proper application. When using this phrase, be precise about identifying the originating institution or account. Consider alternatives like "payment from" or "payment issued by" for variations in emphasis. By understanding these nuances, writers can ensure clarity and accuracy in their financial communications.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

payment sourced from

Focuses on the origin of the payment funds.

payment originating from

Similar to 'sourced from' but may imply a more distant or complex origin.

payment issued by

Highlights the entity responsible for releasing the payment.

payment made by

Emphasizes the payer in the transaction.

funds transferred from

Highlights the movement of funds from one account or entity to another.

payment charged to

Indicates the account or entity debited for the payment.

payment debited from

Similar to 'charged to', specifying the debiting action.

payment taken from

Focuses on the action of taking funds for the payment.

payment derived from

Implies the payment is a result or consequence of something else.

payment deducted from

Highlights the subtraction of the payment amount from a total.

FAQs

What does "payment drawn on" mean?

The phrase "payment drawn on" refers to the source from which a payment is taken. For instance, "payment drawn on Bank of America" means the payment originates from an account at Bank of America.

How can I use "payment drawn on" in a sentence?

You can use "payment drawn on" to specify the financial institution or account from which a payment originates. Example: "Acceptable forms of payment are checks in USD "drawn on" a U.S. bank".

What are some alternatives to "payment drawn on"?

Alternatives include "payment from", "payment issued by", or "payment sourced from". The best choice depends on the specific context and what aspect of the payment you want to emphasize.

Is it more appropriate to say "payment drawn on" or "payment from"?

"Payment drawn on" is more specific, indicating the account or institution from which the payment is taken. "Payment from" is more general and simply indicates the origin of the payment without specifying the exact mechanism.