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drawee

   Also found in: Medical, Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
draw·ee  (drô)
n.
The party on which an order for the payment of money is drawn.
drawee [drɔːˈiː]
n
(Economics, Accounting & Finance / Banking & Finance) the person or organization on which a cheque or other order for payment is drawn
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.drawee - the person (or bank) who is expected to pay a check or draft when it is presented for payment
acceptor - the person (or institution) who accepts a check or draft and becomes responsible for paying the party named in the draft when it matures
payer, remunerator - a person who pays money for something
Translations
drawee [drɔːˈiː] N → girado/a m/f, librado/a m/f
drawee [drɔːˈiː] n → tiré m
drawee
n (Fin) → Bezogene(r) mf, → Trassat m (spec)
drawee [drɔːˈiː] n (Fin) → trassato, trattario
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Matsis seemed to confirm this view, saying that although an increasing number of cheques are being returned unpaid by banks, a drawee will still present them once or twice more before finally considering reporting the drawer to the CIR.
Record number of bounced cheques as economy slows down by Cyprus Mail (Cyprus)
In his program, he examined the allocation of check fraud losses under the Uniform Commercial Code and the effective use of the deposit agreement between the drawee bank and its customer.
ASIS Hosts Second Annual Bank Conference. (Special Meetings) by Security Management
The court ruled that although it is a general rule that a check is not absolute payment until it is paid by the drawee bank, a contract vendee of property cannot use this general rule to withdraw from a contract before her downpayment check is deposited and paid by the bank.
A stopped check does not invalidate sale contract by Schiff, Edward L. / Real Estate Weekly
 
 
 
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