Betydelse av drawee på svenska

• 0 the bank that pays the amount of money that is written on a cheque or bank draft by the owner of an account at that bank:

  • A drawee is responsible for knowing his drawer’s signature and cannot recoup from the person who presented the draft if it turns out that the drawer’s signature was forged.

• 1 the person or company that accepts and pays the amount of money written on a bill of exchange (= document used in trade that orders payment for goods or services):

  • When a bill of exchange is drawn by a seller on a buyer, the buyer becomes the drawee, the person upon whom the bill is drawn.