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drawee

   Also found in: Legal, Financial 0.01 sec.
draw·ee  (drô)
n.
The party on which an order for the payment of money 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, librado
drawee [drɔːˈiː] n → tiré m
drawee [drɔːˈiː] draw n → Bezogene(r) f(m)
drawee [drɔːˈiː] n → trattario


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? Mentioned in ? References in periodicals archive
 
Under the Uniform Commercial Code, a bank that accepts a check for deposit warrants to the drawee bank that all indorsements on the check are genuine, and the bank is liable to the drawee bank for the amount of the check plus expenses and lost interest if an indorsement on the check was forged.
ORDERS ISSUED UNDER BANK HOLDING COMPANY ACT by Federal Reserve Bulletin
The gift, therefore, remains incomplete until the drawee bank pays the check.
TaxClinic by Koppel, Michael D. / The Tax Adviser
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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