Drawee

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Drawee

The party who is directed to pay as specified in a draft.

Drawee

1. The party, often a bank, directed to pay the stated amount to the payee on a draft or check.

2. The party to whom a bill of exchange is addressed. A drawee, in this sense, is also called an acceptor.
References in periodicals archive ?
JCM Global sets standards with products such as the World Bill Acceptor (WBA(R)), the Universal Bill Acceptor (UBA(R)), Intelligent Cash Box (ICB(R)) and the new Vega(TM) bill validator.
MEI has grown to be one of the world's leading providers of bill acceptors and coin changers for the vending, gaming, retail, and transportation industries.
The distance between donors and acceptors in adjacent stacks is about the same as the distance between donors and acceptors within a stack.
Francois Doumen's dual Hong Kong winner Jim And Tonic is the only acceptor from outside the British Isles.
Tom Ryan, Product Manager for Compound Semiconductor Products at Accent, "We have been able to etch and profile n-GaN for some time now but p-GaN has been a challenge because of the behavior of Mg as a deep-level acceptor and the high defect density of GaN materials.
The only French-trained acceptor is the Alain de Royer Dupretrained Sabana Perdida, winner of the Group 2 Windsor Forest Stakes at Royal Ascot in June.
JCM/HWi are in booth #619 showing JCM's Optipay(TM), Universal Bill Acceptor (UBA(TM)), World Bill Acceptor (WBA(R)) and Aztec BNF-20.
LAS VEGAS, April 10 /PRNewswire/ -- When the world's newest casino, the Red Rock Casino Resort Spa, opens in Las Vegas this month, the casino floor will be protected by the most secure technology available, thanks to JCM American's Universal Bill Acceptor (UBA(TM)).
JCM's Sentry is an innovative small bill acceptor entry designed with easy-to-read LED indicators.
The complaint states that the JCM Universal Bill Acceptor series infringes at least two patents that cover the MEI Cashflow SC bill acceptor and other MEI currency validation products.
22 /PRNewswire/ -- ATRONIC, leading supplier of slot machines, today announced the selection of MEI CASHFLOW(TM) SC Series as the preferred currency acceptor for their new eMillions(TM) Wide Area Progressive (WAP) machines.
Customers can process their own orders by selecting a few buttons on the touch-screen, pay for their order with the machine's bill acceptor or credit card processor, and pick up their order at the counter.