drawee in a sentence
n.
📚 Grade Level: Grade 9, Grade 10, Grade 11, Grade 12
Definition
Drawee: the person or entity on whom a check is drawn and who is responsible for paying the amount specified on the check.
Crossword clues for drawee
Crossword clue ideas and answer hints for the word "drawee".
- Person or entity responsible for paying a check.
- Receiver of funds in a financial transaction.
- The party that pays a written order.
- Individual or organization that cashes a check.
- Entity that honors a payment request.
Drawee sentence examples
- The drawee must ensure there are sufficient funds in their account to cover the check.
- In a transaction involving a check, the drawee is the person or entity to whom the check is made payable.
- When the drawee signs the back of the check, they are endorsing it for deposit.
- A bank will typically verify the identity of the drawee before processing a transaction.
- Understanding the responsibilities of the drawee can help prevent disputes over payments.