drawee

[draw-ee]

noun Finance.

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

Origin of drawee

First recorded in 1760–70; draw + -ee

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019

Examples from the Web for drawee

Historical Examples of drawee

The person to whom a draft is directed is called the drawee or acceptor.
Cyclopedia of Commerce, Accountancy, Business Administration, v. 3
Various
After a drawee has accepted a draft, he is bound by its terms.
Cyclopedia of Commerce, Accountancy, Business Administration, v. 3
Various
An acceptance must be in writing and must be signed by the drawee.
Encyclopaedia Britannica, 11th Edition, Volume 3, Slice 7
Various
Drafts payable at sight, or after sight, must be presented to the drawee for acceptance.
Cyclopedia of Commerce, Accountancy, Business Administration, v. 3
Various
This is true of notice to the drawer for failure of a drawee to accept, as well as for failure of an acceptor to pay.
Cyclopedia of Commerce, Accountancy, Business Administration, v. 3
Various

British Dictionary definitions for drawee

drawee

noun

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