drawee


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draw·ee

 (drô′ē′)
n.
The party on which an order for the payment of money is drawn.

drawee

(drɔːˈiː)
n
(Banking & Finance) the person or organization on which a cheque or other order for payment is drawn

draw•ee

(drɔˈi)

n.
a person on whom a bill of exchange is drawn.
ThesaurusAntonymsRelated WordsSynonymsLegend:
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] Ngirado/a m/f, librado/a m/f

drawee

[drɔːˈiː] ntiré m

drawee

n (Fin) → Bezogene(r) mf, → Trassat m (spec)

drawee

[drɔːˈiː] n (Fin) → trassato, trattario
References in periodicals archive ?
The drawee does not have the right to refuse the certification of the cheque if there were sufficient funds to pay its value.
3 of 1980 related on issuance of Penal Code which states: "Detention or a fine shall be imposed upon anyone who, in bad faith, gives a draft (cheque) without a sufficient and drawable balance or who, after giving a cheque, withdraws all or part of the balance, making the balance insufficient for settlement of the cheque, or if he orders a drawee not to cash a cheque or makes or signs the cheque in a manner that prevents it from being cashed.
As per Article 401 of UAE Penal Code: "Detention or a fine shall be imposed upon anyone who, in bad faith, gives a draft [cheque] without a sufficient and drawable balance or who, after giving a cheque, withdraws all or part of the balance, making the balance insufficient for settlement of the cheque, or if he orders a drawee not to cash a cheque or makes or signs the cheque in a manner that prevents it from being cashed.
120 if at the time the payee accepts a check or similar sight order for the payment of money, he or she does so with the understanding that the payee will not present it for payment until later and the payee knows or has reason to believe that there are insufficient funds on deposit with the drawee at the time of acceptance.
The following words are of German origin: abilita/'to empower' (to make someone able to perform a legal act), accept/'accept' (in the sense of obligation that the drawee undertakes to pay, on maturity, the amount stipulated in the policy to the beneficiary), arrest/'arrest', bloc/block' (in the sense of union, group of parties or countries with common interests), comasare/ 'merging', procura/ 'power of attorney', faliment/ 'bankruptcy', marca/ 'brand', comitat/ 'county' (this term denoted, in Transylvania, the Hungarian administrative units) (Hanga and Calciu, 2007).
section] 39-14-121(a)(2) (West 2014) ("This [bad-check provision under] subsection (a) shall not apply to a post-dated check or to a check or similar sight order where the payee or holder knows or has good and sufficient reason to believe the drawer did not have sufficient funds on deposit to the drawer's credit with the drawee to ensure payment.
Balena wants to know how long he should keep old payment receipts and billing statements from utilities like Manila Electric Company, Philippine Long Distance Telephone Company, Maynilad or Manila water companies (we can add mobile phone and cable television companies), credit card companies (including charge slips); cancelled passbooks and deposit slips; and cleared checks returned by drawee banks and payslips.
16) [section] 28 of the Danish Bill of Exchange Act reads as follows: "By accepting, the drawee undertakes to pay the bill of exchange on the due day for payment.
The Ordinance is similar to the Bill in the sense that the substantive principle for determination of the jurisdiction of cases under section 138 of the NI Act remains the same, except that that two distinct situations of payment of cheque (i) by submitting the same for collection through an account or (ii) payment of a cheque otherwise through an account, that is, when cheques are presented across the counter of any branch of drawee bank for payment, are covered under the Ordinance.
With the excuse that "you are the owner of the property at maturity find what receivables and liabilities are clean" [14] The drawee of the indebted and grateful to have in your collection and obligation of the Union is eroded.
The grids are powered by NCR APTRA Clear and ImageMark Archive software, using image-based cheque scanning technology that allows banks to capture the images of the cheque and securely transfer it to the drawee bank electronically through the clearing house based in NPCI.
Shall be sentenced to detention or to a fine, whoever draws in bad faith a cheque without sufficient funds or who, after giving the cheque withdraws all or part of the funds, so that the remaining balance is insufficient to cover the amount of the cheque, or gives an order to the drawee to stop payment, or deliberately writes or signs the cheque in such a manner as to make it unpayable.