drawee

[US]/drɔːˈiː/
[UK]/drɑːˈiː/
Frequency: Very High

Translation

n.the person or entity that is to pay a specified amount of money; the party that is directed to pay a bill of exchange or check
Word Forms
Pluraldrawees

Phrases & Collocations

pay to drawee

drawee bank approval

drawee signature required

contact the drawee

drawee's consent

drawee's account

drawee's information

notify the drawee

confirm with drawee

drawee's liability

Example Sentences

the drawee must sign the check for it to be valid.

in a bill of exchange, the drawee is the party who is expected to pay.

the bank contacted the drawee to confirm the payment.

the drawee's creditworthiness is crucial for the transaction.

a payment cannot be processed without the drawee's approval.

the drawee has a legal obligation to honor the draft.

before issuing the draft, ensure the drawee's information is accurate.

the drawee's refusal to pay can lead to legal issues.

understanding the role of the drawee is essential in finance.

the drawee must be clearly identified in the contract.

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