Drawee legal definition of Drawee. Drawee synonyms by the Free Online Law Dictionary.

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.

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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 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.

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acceptance acceptor Acceptor supra protest Banks and Banking bill of exchange check commercial paper Course of trade draft drawer holder Letter of advice Non acceptavit Notice of dishonor obligor present presentment provision sight	Matsis seemed to confirm this view, saying that although an increasing number of cheques are being returned unpaid by banks, a drawee will still present them once or twice more before finally considering reporting the drawer to the CIR. Record number of bounced cheques as economy slows down by Cyprus Mail (Cyprus) In his program, he examined the allocation of check fraud losses under the Uniform Commercial Code and the effective use of the deposit agreement between the drawee bank and its customer. ASIS Hosts Second Annual Bank Conference. (Special Meetings) by Security Management The court ruled that although it is a general rule that a check is not absolute payment until it is paid by the drawee bank, a contract vendee of property cannot use this general rule to withdraw from a contract before her downpayment check is deposited and paid by the bank. A stopped check does not invalidate sale contract by Schiff, Edward L. / Real Estate Weekly	draw by artful inducements draw forth draw from draw gradually together draw in draw inferences draw lots draw near draw off draw on draw one’s sword draw out draw out by compulsion draw out by force draw out the essence draw profit from draw rein draw the inference draw the line draw the veil draw to a close draw together draw toward draw up drawback Drawee drawer drawing drawing conclusions drawing near drawing out drawing to a close Drawing up a promissory note drawn drawn battle drawn game drayage dread dreadful dreadful event dreadless dream dream up dreaminess dreaming dreamy drear drearisome dreary Dred Scott v. Sandford Dreit	Drawbar organ drawbar pull drawbars drawbars Drawbench Drawbench Drawbolt Drawbolt Drawbore Drawbore Drawboy drawbridge drawbridge drawbridge drawbridge drawbridge drawbridge Drawbridges Drawbridges Drawcansir Drawcansir DRAWD drawdown drawdown drawdown drawdown ratio Drawdown Regional Economic Workgroup Drawdowns Drawdowns Drawdowns Drawee drawees drawees drawees drawer drawer drawer drawer drawer drawer dovetail drawer kicker drawer roller drawer runner drawer sign drawer slide drawer slip drawer stop Drawer test drawer tests drawer tests drawer tests drawer tests drawer tests drawer tests drawerful drawerful drawerful drawerful drawerfuls drawerfuls drawerfuls

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acceptance
acceptor
Acceptor supra protest
Banks and Banking
bill of exchange
check
commercial paper
Course of trade
draft
drawer
holder
Letter of advice
Non acceptavit
Notice of dishonor
obligor
present
presentment
provision
sight

Matsis seemed to confirm this view, saying that although an increasing number of cheques are being returned unpaid by banks, a drawee will still present them once or twice more before finally considering reporting the drawer to the CIR.

Record number of bounced cheques as economy slows down by Cyprus Mail (Cyprus)

In his program, he examined the allocation of check fraud losses under the Uniform Commercial Code and the effective use of the deposit agreement between the drawee bank and its customer.

ASIS Hosts Second Annual Bank Conference. (Special Meetings) by Security Management

The court ruled that although it is a general rule that a check is not absolute payment until it is paid by the drawee bank, a contract vendee of property cannot use this general rule to withdraw from a contract before her downpayment check is deposited and paid by the bank.

A stopped check does not invalidate sale contract by Schiff, Edward L. / Real Estate Weekly

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Drawee