the drawer is the maker who orders the drawee to pay the bill to a person called the payee or to his order. When the drawee accepts the bill, he is called the acceptor.
A typical example of a drawee involves cashing a paycheck. The bank that cashes your check is the drawee, the employer who wrote the check is the drawer, and you are thepayee. Key Takeaways A drawee is the person or entity that pays the holder of a check or draft. The holder of the...
The drawer is the person who writes and signs the cheque. The amount is debited from the drawer's account and encashed into the recipient's account. For example, if you write a cheque and mention your friend's name as the account payee, you are the drawer. Drawee The drawee is the ...
A fine trade bill, also known as a clean bill of exchange, is a financial document used in international trade to facilitate payment for goods or services, without any attached conditions or documents.
a redrawer, a tom-tom, a nav, Issei, Menedez, a grume, Tyr, a kail, a dit, a barrage, Savona, Vina, an aced, Hull, Isin, a millirem, Jasun, a help, Pushto, manes, Bealle, Oneil, a sori, Adamo, Pratte, Dahna, Thanet, a pair, a vail, a ma'am, a soh, a paranoid,...
When a bank prepares a demand draft, the amount of the draft is taken from the account of the customer requesting the draft and is transferred to an account at another bank. The drawer is the person requesting thedemand draft; the bank paying the money is thedrawee; the party receiving th...
Drawer— The one who issues the bill and signs it. Oftentimes, it is drawn by the seller (exporter) or designated bank. Drawee/Payer— The person who makes payments. Usually, it is the buyer (importer) or designated bank. Payee— The person who receives payments, that is, the seller or...
aThe main instrument of international payment is financial document that is a written debt voucher with fixed form. It includes fixed value and date, and can be used to get money from drawer or specific drawee. 国际付款的主要仪器是一个书面债务证件与可定形的财政文件。 它包括固定的价值和日期,并...
声明: 本网站大部分资源来源于用户创建编辑，上传，机构合作，自有兼职答题团队，如有侵犯了你的权益，请发送邮箱到feedback@deepthink.net.cn 本网站将在三个工作日内移除相关内容,刷刷题对内容所造成的任何后果不承担法律上的任何义务或责任
3. The Drawee The drawee is the bank or financial institution responsible for paying the amount specified on the cheque. It must be a bank where the drawer holds an account. The drawee processes the cheque and ensures the funds are available for withdrawal by the payee. ...