More Commonly Misspelled Words Popular in Wordplay See All More Words with Remarkable Origins 8 Words for Lesser-Known Musical Instruments Birds Say the Darndest Things 10 Scrabble Words Without Any Vowels 12 More Bird Names that Sound Like Insults (and Sometimes Are)...
Word History and Origins Origin ofdrawee1 First recorded in1760–70;draw+-ee Discover More Example Sentences The State Bank of Utah is called the drawer; the National Park Bank of New York, on whom the draft is drawn, is the drawee; Henry L. Fowler is the payee. ...
The bank becomes the drawee and is responsible for verifying the check and making payment to the person. Legal Terms Similar to Drawee Drawer - The party that initiates the transaction by creating the bill of exchange or check. Payee - The party that is entitled to receive payment from the ...
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. West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale ...
More Commonly Misspelled Words Popular in Wordplay See All More Words with Remarkable Origins 8 Words for Lesser-Known Musical Instruments Birds Say the Darndest Things 10 Scrabble Words Without Any Vowels 12 More Bird Names that Sound Like Insults (and Sometimes Are)...