drawee


drawee

drawee [draw-ee] ExamplesWord Origin noun Finance.

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

Origin of drawee First recorded in 1760–70; draw + -ee 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

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

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