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.] [Blacks Law 8th]