the person (or institution) who accepts a check or draft and becomes responsible for paying the party named in the draft when it matures

A drawee who confirms their debt by signing their acceptance on a bill of exchange.

The party that signs a draft or obligation, thereby agreeing to pay the stated sum at maturity.

In a bill of exchange a creditor (the drawer) orders a debtor (the drawee) to pay a certain amount at a certain maturity date. This order is not valid unless it is accepted by the drawee, who is also called the acceptor.

A person who accepts a time draft. By accepting the draft, the acceptor is primarily liable to pay the draft at maturity. Compare "Acceptance."

A debtor who signs a Bill of Exchange acknowledging or accepting his obligation to pay.

The addressee of a Bill of Exchange. This party holds the primary liability to pay the face value of the bill to its owner upon maturity.