Drawee

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Drawee

The party who is directed to pay as specified in a draft.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved