noun
- the person or organization on whom a check or bill of exchange is drawn and who is expected to pay the amount specified
Usage: banking; finance
Examples
- The bank serves as the drawee when you write a check from your account.
- The drawee must have sufficient funds to honor the check.
- In international trade, the drawee is typically a bank or financial institution.
- The drawee’s signature is required to accept a bill of exchange.
- When the check bounced, the drawee was contacted about insufficient funds.
- The merchant presented the check to the drawee for payment.