drawee

drawee
draw·ee /drȯ-'ē/ n: the party (as a bank) on which a draft is drawn compare drawer, payee

Merriam-Webster’s Dictionary of Law. . 1996.

drawee
index debtor, obligor

Burton's Legal Thesaurus. . 2006


drawee
n.
The person or entity on which a draft is drawn, often the bank.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


drawee
a person on whom a bill of exchange is drawn. See draw.

Collins dictionary of law. . 2001.


drawee
The party who is to be paid on a bill of exchange or check.
Category: Business, LLCs & Corporations → Business Accounting, Bookkeeping & Finances
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Nolo’s Plain-English Law Dictionary. . 2009.


drawee
n. A person or entity to whom a draft is sent, instructing him or it to release funds to the payee.

Webster's New World Law Dictionary. . 2000.


drawee
A person or bank that is ordered by its depositor, a drawer, to withdraw money from an account to pay a designated sum to a person according to the terms of a check or a draft.

Dictionary from West's Encyclopedia of American Law. 2005.


drawee
A person or bank that is ordered by its depositor, a drawer, to withdraw money from an account to pay a designated sum to a person according to the terms of a check or a draft.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

drawee
n.
   the party who is to be paid on a bill of exchange or check.
   See also: bill of exchange

Law dictionary. . 2013.

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Look at other dictionaries:

  • drawee — draw*ee , n. (Law) The person on whom an order or bill of exchange is drawn; the correlative of drawer. [1913 Webster] …   The Collaborative International Dictionary of English

  • drawee — [drô΄ē′] n. the party that the drawer directs, by means of a bill of exchange, order, draft, etc., to pay money over to a third party (called payee) …   English World dictionary

  • drawee — The party to whom a check or draft is written. Also called payee. American Banker Glossary The party who is directed to pay as specified in a draft. Bloomberg Financial Dictionary * * * drawee draw‧ee [ˌdrɔːˈiː ǁ ˌdrɒː ] noun [countable] BANKING …   Financial and business terms

  • drawee — The person on whom a bill or draft is drawn. A person to whom a bill of exchange or draft is directed, and who is requested to pay the amount of money therein mentioned. The drawee of a check is the bank on which it is drawn. When drawee accepts …   Black's law dictionary

  • drawee — The person on whom a bill or draft is drawn. A person to whom a bill of exchange or draft is directed, and who is requested to pay the amount of money therein mentioned. The drawee of a check is the bank on which it is drawn. When drawee accepts …   Black's law dictionary

  • drawee — 1) The person on whom a bill of exchange is drawn (i.e. to whom it is addressed). The drawee will accept it and pay it on maturity. 2) The bank on whom a cheque is drawn, i.e. the bank holding the account of the individual or company that wrote… …   Accounting dictionary

  • drawee — 1) The person on whom a bill of exchange is drawn (i. e. to whom it is addressed). The drawee will accept it (see acceptance) and pay it on maturity. 2) The bank on whom a cheque is drawn, i. e. the bank holding the account of the individual or… …   Big dictionary of business and management

  • drawee bank — UK US noun [C] BANKING ► DRAWEE(Cf. ↑drawee) …   Financial and business terms

  • Drawee bank —   The drawee bank is the bank or branch that initially issues a cheque and eventually pays it …   International financial encyclopaedia

  • drawee — noun Date: 1766 the party on which an order or bill of exchange is drawn …   New Collegiate Dictionary

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