drawee

[ draw-ee ]

/ drɔˈi /

noun Finance.

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

Nearby words

drawbore, drawboy, drawbridge, drawcard, drawdown, drawee, drawer, drawer sign, drawerful, drawers, drawhole

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

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
It sometimes allows the drawee to take possession of the bill of lading and change the routing of the car.
Commercial Law|Samuel Williston, Richard D. Currier, and Richard W. Hill
After a drawee has accepted a draft, he is bound by its terms.
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

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