drawee in a sentence
n.
Definition
Drawee: the person or entity on whom a check is drawn and who is responsible for paying the amount specified on the check.
Sample Sentences
- 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.
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