drawee

[ draw-ee ]

noun

, Finance.

1. a person on whom an order, draft, or bill of exchange is drawn. draw.

drawee

/ drɔːˈiː /

noun

1. the person or organization on which a cheque or other order for payment is drawn

Word History and Origins

Origin of drawee¹

First recorded in 1760–70; draw + -ee

Example Sentences

And if the note is addressed to a drawee he must be named or indicated with reasonable certainty.

From Project Gutenberg

The acceptance of a bill is the signifying by the drawee that he has assented to the drawer's order, and must be in writing.

From Project Gutenberg

Sometimes the drawer or indorser has reason to expect that the bill may be dishonoured by the drawee.

From Project Gutenberg

After that the bill is a double obligation of the drawer and the drawee, and may be discounted in the open market, for cash.

From Project Gutenberg

The person to whom a draft is directed is called the drawee or acceptor.

From Project Gutenberg