drawee

American  

[draw-ee] / drɔˈi /

noun

Finance.

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

---

drawee British  

/ drɔːˈiː /

noun

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

---

Etymology

Origin of drawee

First recorded in 1760–70; draw + -ee

---

Example Sentences

See Examples For:

drawee

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 Elements of Foreign Exchange A Foreign Exchange Primer by Franklin Escher

The person thereby required to pay is called the drawee.

From Encyclopaedia Britannica, 11th Edition, Volume 3, Slice 7 "Bible" to "Bisectrix" by Various

In the case of a draft or check, the person ordering the payment is called the drawer; the person addressed, the person drawn upon or the drawee; and the person to be paid, the payee.

From Studies in Civics by J. T. (James Thompson) McCleary

I am not the drawee described in the bill.'

From Memoir, Correspondence, And Miscellanies, From The Papers Of Thomas Jefferson, Volume 1 by Thomas Jefferson Randolph

The State Bank of Utah is called the drawer; the National Park Bank of New York, on whom the draft is drawn, is the drawee; Henry L. Fowler is the payee.

From Business English A Practice Book by Rose Buhlig

Random Word

Spin the wheel and learn a new word!

---