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.

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

    6 people found this helpful
  • 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.

    2 people found this helpful
Show more usage examples...

Related Videos


Mentioned in these terms

Have a question about drawee? Ask for help in the
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z