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drawee <a drawee; drawees> N

drawee

acceptance of drawee ECON

accountancy of drawee ECON

Monolingual examples (not verified by PONS Editors)

English
A sahyog hundi passes from one hand to another till it reaches the final recipient, who, after reasonable enquiries, presents it to the drawee for acceptance of the payment.
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The party upon whom the bill is drawn is called the drawee.
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In some cases, the payee will take the cheque to a branch of the drawee bank, and cash the cheque there.
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Such confirmation is called an acceptance the drawee accepts the order to pay as legitimate.
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Where a cheque payable to order purports to be indorsed by or on behalf of the payee, the drawee is discharged by payment in due course.
www.mondaq.com
Truncation means, stopping the flow of the physical cheques issued by a drawer to the drawee branch.
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A drawee is answerable to the drawer.
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The question is to whom the drawee may make the payment.
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If the drawee is a bank, the acceptance is called a banker's acceptance.
en.wikipedia.org
The place of commission of the offence would be the place where the drawee bank is located (and, consequently, where the cheque is dishonoured).
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