drawee

• Personne ou institution, généralement une banque, sur laquelle est tiré un chèque ou une lettre de change et qui est tenue de payer le montant à présentation ou à échéance. C'est le débiteur de l'effet de commerce.

A noun referring to the person or institution, typically a bank, that is obligated to pay a check or draft upon its presentation for payment.

1. Person or bank obligated to payC1formallegal

   The individual or financial institution that is required to pay the amount specified on a check or draft when it is presented for payment.

   Tiré (personne ou banque tenue de payer)

   • The bank acted as the drawee and honored the check.
   • The drawee must verify the signature before processing the payment.
   • If the drawee refuses to pay, the drawer may face legal action.

   Synonymespayer

   Antonymesdrawerpayee