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.

Use drawee in a sentence

  • I was the drawee and needed to take things out of the bank and give them to another person that day.

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  • You should always make sure to be on time as the drawee so that you can continue to get credit in the future.

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  • Our company served as the drawee for the Insurance company. We collected the money through their monthly T&I payment, and then paid the premium once it was due.

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