Business, Legal & Accounting Glossary

Definition: Drawee

What is the dictionary definition of Drawee?

Dictionary Definition

legal The party directed to pay the amount of a draft or cheque.

Full Definition of Drawee

A drawee is the entity that is expected to accept and pay a bill of exchange (check, draft, letter of credit, etc.) on presentation or on a certain date (called due date or maturity date).

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Drawee. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 16, 2021 https://payrollheaven.com/define/drawee/.
Chicago Manual of Style (CMS):
Drawee. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/drawee/ (accessed: September 16, 2021).
American Psychological Association (APA):
Drawee. PayrollHeaven.com. Retrieved September 16, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/drawee/

Definition Sources

Definitions for Drawee are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 28th December, 2019 | 2 Views.