drawee

[draw-ee]
noun Finance.
a person on whom an order, draft, or bill of exchange is drawn.

Origin:
1760–70; draw + -ee

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source Link To drawee
Collins
World English Dictionary
drawee (drɔːˈiː)
 
n
the person or organization on which a cheque or other order for payment is drawn

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
Cite This Source
Example sentences
Normally, the drawee is a bank at which the drawer has an account.
Also enter the city and state in which the drawee is located.
Ordinarily, a drawee bank is absolutely liable to its customer for payment of a
  forged check.
It must be written on the draft and may consist of the drawee's signature alone.
Copyright © 2014 Dictionary.com, LLC. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature