- drawee
- noun Date: 1766 the party on which an order or bill of exchange is drawn
New Collegiate Dictionary. 2001.
drawee
Look at other dictionaries:
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. Merriam Webster. 1996 … Law dictionary
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
