drawee Meaning in the Cambridge English Dictionary

Meaning of “drawee” in the English Dictionary

"drawee" in Business English

See all translations

draweenoun [C]

uk   us   /drɔːˈiː/
(also drawee bank) BANKING the ​bank that ​pays the ​amount of ​money that is written on a ​cheque or bankdraft by the ​owner of an ​account at that ​bank: A drawee is ​responsible for knowing his drawer’s ​signature and cannot ​recoup from the ​person who ​presented the ​draft if it ​turns out that the drawer’s ​signature was ​forged.
FINANCE, COMMERCE the ​person or ​company that ​accepts and ​pays the ​amount of ​money written on a bill of ​exchange (= ​document used in ​trade that ​orderspayment for ​goods or ​services): When a ​bill of ​exchange is ​drawn by a ​seller on a ​buyer, the ​buyer becomes the drawee, the ​person upon whom the ​bill is ​drawn.
(Definition of drawee from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of drawee?
Add Cambridge dictionaries to your browser to your website

“drawee” in Business English

More meanings of “drawee”

Word of the Day

Word of the Day

Calling occupants of interplanetary craft
Calling occupants of interplanetary craft
by Colin McIntosh,
December 01, 2015
Are you a fan of shows like Doctor Who and Star Trek? Both shows have been around since the 1960s, and, not surprisingly, have generated some of their own vocabulary, some of which has now entered the Cambridge English Dictionary. The phenomenon of fandom, meaning “the state of being a fan of

Read More 

conversational user interface noun
conversational user interface noun
November 30, 2015
a computer interface that provides information to users in normal, conversational speech in response to spoken requests Nearly every major tech company—from Amazon to Intel to Microsoft to Google—is chasing the sort of conversational user interface that Kaplan and his colleagues at PARC imagined decades ago.

Read More