drawee in English

noun
1
the person or organization, typically a bank, who must pay a draft or bill.
The effect of all this activity was that all bills ended up in the hands of the original drawee so that nothing actually passed under them.

Use "drawee" in a sentence

Below are sample sentences containing the word "drawee" from the English Dictionary. We can refer to these sentence patterns for sentences in case of finding sample sentences with the word "drawee", or refer to the context using the word "drawee" in the English Dictionary.

1. The drawee refusing acceptance must produce a certificate of dishonor by nonacceptance.

2. Draw a specimen cheque, complete it and name the payee, drawer and drawee.

3. There are three parties to a money order : the remitter ( payer ), the payee and drawee.

4. The bill of exchange will generally have three parties: the drawor, the drawee and the Acceptor.

5. A distinction is drawn between various kinds of acceptance: simple and full acceptance, partial acceptance (drawee only undertakes to pay part of the amount stated in the bill of exchange) and acceptance guarantee (additional guarantee by a third party).