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drawee

[draw-ee] /drɔˈi/
noun, Finance.
1.
a person on whom an order, draft, or bill of exchange is drawn.
Origin
1760-1770
1760-70; draw + -ee
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for drawee
  • 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.
  • The acceptance shall be written on the draft and may consist of the drawee's signature alone.
British Dictionary definitions for drawee

drawee

/drɔːˈiː/
noun
1.
the person or organization on which a cheque or other order for payment is drawn
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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