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drawee

NOUN
  1. the person (or bank) who is expected to pay a check or draft when it is presented for payment

How To Use drawee In A Sentence

  • ` The question arising on such paper (checks) between drawee and drawer, however, always relate to what the one has authorized the other to do. Forty Centuries of Ink
  • He lead got his exchange - the buyer had got his bill and the money, too, - and the drawee was fully protected! The flush times of Alabama and Mississippi : a series of sketches,
  • The defendant stopped the cheque, which was accordingly dishonoured by the drawee bank.
  • But he knew that it would mortify his mother exceedingly, to learn that he was repaying Mr. Beach's kindness by taxing his purse; and he intended to stop the draft from going to the drawee, by payment of it. Master William Mitten: or, A Youth of Brilliant Talents, Who Was Ruined by Bad Luck
  • In the first place, he instructs the drawee to honour the bill.
  • Page view page image: of insufficient funds in, or credit with such bank, banking institution, trust company, or other depository, unless such maker or drawer shall have paid the drawee thereof the amount due thereon, together with interest and protest fees, within five days after receiving notice that such check, draft, or order has not been paid to the drawee. The code of the city of Charlottesville, Virginia
  • In the first place, he instructs the drawee to honour the bill.
  • Braudel, p. 368, distinguishes four possible handlers in a bill's life course, the purchaser, the drawer, the bearer, and the drawee who would accept the bill (or not, which might give rise to protests or a lawsuit). Connecting Histories in Afghanistan: Market Relations and State Formation on a Colonial Frontier
  • Secondly, he undertakes that, on due presentment of the bill to the drawee, it will be duly accepted (where acceptance is needed) and paid.
  • If, when a bill is presented to the drawee, he agrees to pay it, he is said to _accept_ the bill, and writes his acceptance upon it. The Government Class Book Designed for the Instruction of Youth in the Principles of Constitutional Government and the Rights and Duties of Citizens.
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