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 ?
1993) (holding forged drawee and payee signatures were false statements intended to defraud federally insured banks under 18 U.
1993) (holding that forged drawee and payee signatures were false statements that were intended to defraud federally insured banks under 18 U.
12) Such statements include: false invoices and certifications;(13) checks naming false drawees (but not "bad" checks);(14) false applications to obtain official documents;(15) false identifications given to border agents,(16) false information given to customs agents;(17) false Medicare claims;(18) false radio distress signals broadcast to naval aircraft;(19) false marriage vows given to gain citizenship;(20) false information given to federal investigators;(21) and a wide variety of statements falsely made to other governmental entities, usually in an attempt to profit under false pretenses.
12) Such statements include: false invoices and certifications;(13) checks naming false drawees (but not "bad" checks);(14) false applications to obtain official documents;(15) false identifications given to border agents;(16) false information given to customs agents;(17) false Medicare claims;(18) false radio distress signals broadcast to naval aircraft;(19) false marriage vows given to gain citizenship;(20) false information given to federal investigators;(21) and a wide variety of statements falsely made to other governmental entities, usually in attempts to profit under false pretenses.