noun
- plural of drawee; persons or institutions upon whom bills of exchange or checks are drawn and who are expected to pay them
Usage: banking; finance
Examples
- The bank served as one of the drawees for the international trade transaction.
- Multiple drawees were listed on the complex financial instrument.
- The drawees must verify the authenticity of the bills before payment.
- Foreign banks often act as drawees for letters of credit.
- The drawees rejected several checks due to insufficient funds.
- Commercial drawees typically require proper documentation before honoring drafts.