drawee

Check's paying institution

A drawee is the party directed to pay a check, draft, or bill of exchange—typically a bank.

When you write a check, your bank is the drawee, the person or company you're paying is the payee, and you are the drawer.

The term appears mainly in banking and commercial law contexts.

obligation

acceptance

Consent to receive

protest · maturity · due date · liability · refusal · non-acceptance

instrument

bill

Amount owed, written

tenor

banking

bank

Place holding deposits

branch · financial institution · commercial bank

parties

payee

Person owed payment

beneficiary · presenter · notary public · acceptor · endorser · bearer

Categories
Opposites
role in negotiable instruments

draweedrawer

Sliding furniture compartment

payee · maker · beneficiary · endorser · holder

Phrases
Family

draw, drawing, withdraw, drawn, drawer, withdrawal, withdrawn, redraw, redrawn

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