drawee

[ draw-ee ]

/ drɔˈi /

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noun Finance.

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

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Origin of drawee

First recorded in 1760–70; draw + -ee

Words nearby drawee

drawboy, drawbridge, drawcard, draw curtain, drawdown, drawee, drawer, drawerful, drawers, drawer sign, draw fire

How to use drawee in a sentence

And if the note is addressed to a drawee he must be named or indicated with reasonable certainty.
Putnam's Handy Law Book for the Layman|Albert Sidney Bolles
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.
Putnam's Handy Law Book for the Layman|Albert Sidney Bolles
Sometimes the drawer or indorser has reason to expect that the bill may be dishonoured by the drawee.
Encyclopaedia Britannica, 11th Edition, Volume 3, Slice 7|Various
After that the bill is a double obligation of the drawer and the drawee, and may be discounted in the open market, for cash.
Elements of Foreign Exchange|Franklin Escher

The person to whom a draft is directed is called the drawee or acceptor.
Cyclopedia of Commerce, Accountancy, Business Administration, v. 3|Various

British Dictionary definitions for drawee

drawee

/ (drɔːˈiː) /

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