drawee
Definition
Entity that is expected to accept and pay a bill of exchange (check, draft, letter of credit, etc.) on presentation or on a certain date (called due date or maturity date). See also payee.
drawee is in the Banking, Commerce & Finance and International Trade & Relations subjects.
drawee appears in the definitions of the following terms:
bill presentment,
drawer,
deed of protest,
bill of exchange (BOE),
demand draft,
for value received,
outstanding check,
accepted draft,
order,
demand instrument
and
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