Drawee (Noun)
Meaning
The person (or bank) who is expected to pay a check or draft when it is presented for payment.
Classification
Nouns denoting people.
Examples
- The bank verified the check and notified the drawee of the payment request.
- When a check is presented, the drawee must pay the specified amount or risk account closure.
- To honor the transaction, the drawee confirmed that the check's information matched the account holder's records.
- Before the funds could be released, the drawee reviewed the payment for potential issues.
- After several overdrafts, the bank designated a strict verification process for any drawee request from this customer.