DRAWEE

drawee (draw-ee). The person or entity that a draft is directed to and that is requested to pay the amount stated on it. • The drawee is usu. a bank that is directed to pay a sum of money on an instrument. — Also termed payor. [Cases: Banks and Banking 137; Bills and Notes 24. C.J.S. Banks and Banking §§ 328, 330; Bills and Notes; Letters of Credit § 19.]
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