drawee definition

  • noun:
    • The celebration which an order when it comes to repayment of income is drawn.
    • The celebration directed to cover the actual quantity of a draft or check.
    • anyone on whom an order or bill of change is attracted; -- the correlative of drawer.
    • One on who an order, draft, or costs of exchange is drawn-that is, the one to whom its request is addressed; the person requested by a bill of change to pay it. see plant under cabinet, 3.
    • the individual (or lender) who's expected to pay a check or draft when it is provided for payment

Related Sources

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