In banking and finance, a person or institution that is ordered to pay a sum of money (such as a bank that must pay a check or draft on demand).
From 'draw' (to draw money) + '-ee' (suffix indicating the person receiving the action). Financial term from banking law.
The drawee is the unsung actor in every check transaction—your bank is technically the 'drawee' when someone writes you a check, making them legally responsible for payment.
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