Dictionary of Banking Terms: drawee
drawee
person or organization who is expected to pay a check or draft when the instrument is presented for payment.
Dictionary of Business Terms: drawee
drawee
one whom a bill of exchange or a check directs to pay to another a specified sum of money. In the typical checking account situation, the bank is the drawee, the person writing the check is the maker or drawer, and the person to whom the check is written is the payee.
