Encyclopedia
Trassant
Trassant - drawer of a transferable bill of exchange (tratt). Is responsible for acceptance and payment of the bill. The signature of the trassant is a mandatory requirement of a transferable bill of exchange. The trassant may disclaim liability for acceptance, however any condition under which he disclaims liability for payment is considered unwritten
Source: Letter from the Bank of Russia dated September 9, 1991 No. 14-3/30 "On Banking Operations with Bills of Exchange"