Drawee definition

Drawee means a person ordered in a draft to make payment.
Drawee means a bank, savings bank, savings and loan association, credit union, or other person on which a check is drawn.
Drawee means a person ordered in a draft to make a pay- ment.

Examples of Drawee in a sentence

  • The buyer will be accordingly required to deposit the Demand Draft /Banker‟s cheque along with the debit advice issued by the Drawee Bank to the tune of coal value for rake / rakes load to be offered/ indented as per the notice within 48 hours of such notice.

  • Should a Drawee Financial Institution or other third party make a claim against us or seek re-credit with respect to any Electronic Image, we may provisionally freeze or hold aside a like amount in your account pending investigation and resolution of the claim.

  • The buyer will be accordingly required to deposit thE amount by way of NEFT / RTGS along with the debit advice issued by the Drawee Bank to the tune of coal value for rake / rakes load to be offered/indented as per the notice within 48 hours of such notice.

  • The buyer will be accordingly required to deposit the Demand Draft /Banker’s cheque along with the debit advice issued by the Drawee Bank to the tune of coal value for rake / rakes load to be offered/indented as per the notice within 48 hours of such notice.

  • Under no circumstances shall there be any obligation or liability on the part of Provident to make a refund in connection with any transaction hereunder until Provident receives confirmation satisfactory to Provident, in its sole opinion, that payment of the transfer has been effectively stopped by Provident and Provident obtains from the Drawee the corresponding refund or right to dispose of any funds allocated to such transaction.


More Definitions of Drawee

Drawee means a person ordered in a draft to make payment.[PL 1993, c. 293, Pt. A, §2 (NEW).]
Drawee means the person to whom the order to pay on a check or bill of exchange is addressed.
Drawee. : means the bank at which the draft is payable.
Drawee means a person ordered in a draft to
Drawee means a person on whom a bill is drawn and who has not accepted it;
Drawee means a person ordered in a