drawee

[ draw-ee ]

/ drɔˈi /

noun Finance.

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

Nearby words

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