drawee [draw-ee] ExamplesWord Origin noun Finance.
- a person on whom an order, draft, or bill of exchange is drawn.
Origin of drawee First recorded in 1760–70; draw + -ee Examples from the Web for drawee Historical Examples of drawee
The person to whom a draft is directed is called the drawee or acceptor.
Cyclopedia of Commerce, Accountancy, Business Administration, v. 3
Various
After a drawee has accepted a draft, he is bound by its terms.
Cyclopedia of Commerce, Accountancy, Business Administration, v. 3
Various
An acceptance must be in writing and must be signed by the drawee.
Encyclopaedia Britannica, 11th Edition, Volume 3, Slice 7
Various
Drafts payable at sight, or after sight, must be presented to the drawee for acceptance.
Cyclopedia of Commerce, Accountancy, Business Administration, v. 3
Various
This is true of notice to the drawer for failure of a drawee to accept, as well as for failure of an acceptor to pay.
Cyclopedia of Commerce, Accountancy, Business Administration, v. 3
Various
British Dictionary definitions for drawee drawee noun
- the person or organization on which a cheque or other order for payment is drawn