drawee


Also found in: Thesaurus, Medical, Legal, Financial, Encyclopedia.

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.
This means that the collecting bank with which a check is deposited by the holder or payee shall transmit the check through clearing so that the account of the issuer in his bank (drawee bank) can be debited.
The person who issues a check is called the drawer, who instructs the drawee (one of the banks) to allow a designated beneficiary appointed by the drawer to collect a specified sum from the drawer's bank account.
3 of 1987 related to issuance of Penal Code (the 'Penal Law of UAE'), which states: "Detention or a fine shall be imposed on 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.
In other words, it acted as a sovereign and independent player that took a very real foreign policy action as a sub-state actor a foreign policy action that a sovereign actor, namely Israel, responded to as if Hezbollah had been the legitimate and notified drawee in Lebanese territory.
Considering that I had paid the cheque well before the due date, and had received no notification from RAKBANK about the error in the cheque, nor was the cheque sent to the drawee bank for collection, I visited the RAKBANK branch in Mussafah, Abu Dhabi, and spoke with the customer service representatives.
STATUES [section] 408.505(8) ("A person does not commit the crime of passing a bad check pursuant to section 570.120 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.");ERIC ZIEGENHORN, 7 MISSOURI PRACTICE SERIES, LEGAL FORM [section] 33:30 (3d ed.
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.
YESTERDAY'S SOLUTION: awed; dewar; dewater; draw; drawee; drew; ewer; hewed; hewer; tawed; tawer; thaw; thawed; thew; thewed; threw; twee; tweed; wade; wader; ward; ware; wart; water; watered; wear; weather; WEATHERED; weed; weeder; were; wert; weta; wether; whare; what; wheat; whee; where; whereat; whet; wrath; wreath; wreathe; wreathed.