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单词 drawee
释义

drawee


draw·ee

D0383000 (drô′ē′)n. The party on which an order for the payment of money is drawn.

drawee

(drɔːˈiː) n (Banking & Finance) the person or organization on which a cheque or other order for payment is drawn

draw•ee

(drɔˈi)

n. a person on whom a bill of exchange is drawn.
Thesaurus
Noun1.drawee - the person (or bank) who is expected to pay a check or draft when it is presented for paymentacceptor - the person (or institution) who accepts a check or draft and becomes responsible for paying the party named in the draft when it maturespayer, remunerator - a person who pays money for something
Translations
trattarioтрассат
EncyclopediaSeeacceptor

drawee


Drawee

A person or bank that is ordered by its depositor, a drawer, to withdraw money from an account to pay a designated sum to a person according to the terms of a check or a draft.

Cross-references

Commercial Paper.

drawee

n. the party who is to be paid on a bill of exchange or check. (See: bill of exchange)

drawee

a person on whom a BILL OF EXCHANGE is drawn. See DRAW.

DRAWEE. A person to whom a bill of exchange is addressed, and who is requested to pay the amount of money therein mentioned.
2. The drawee may be only one person, or there may be several persons. The drawee may be a third person, or a man may draw a bill on himself. 18 Ves. jr. 69; Carth. 509; 1 Show. 163; 3 Burr. 1077.
3. The drawee should accept or refuse to accept the bill at furthest within twenty-four hours after presentment. 2 Smith's R. 243; 1 Ld. Raym. 281 Com. Dig. Merchant, F 6; Marius, 15; but it is said the holder is entitled. to a definite answer if the mail go out in the meantime. Marius' 62. In case the bill has been left with the drawee for his acceptance, he will be considered as having accepted it, if he keep the bill a great length of time, or do any other act which gives credit to the bill, and induces the holder not to protest it; or is intended as a surprise upon him, and to induce him to consider the bill as accepted. Chit. on Bills, 227. When he accepts it, it is his duty to pay it at maturity.

Drawee


Drawee

The party who is directed to pay as specified in a draft.

Drawee

1. The party, often a bank, directed to pay the stated amount to the payee on a draft or check.

2. The party to whom a bill of exchange is addressed. A drawee, in this sense, is also called an acceptor.

drawee


  • noun

Words related to drawee

noun the person (or bank) who is expected to pay a check or draft when it is presented for payment

Related Words

  • acceptor
  • payer
  • remunerator
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更新时间:2024/9/22 13:27:36