Definitions for "drawee"
Keywords:  draft, whom, documentary, cheque, drawn
The person on whom an order or bill of exchange is drawn; -- the correlative of drawer.
In the case of a cheque, this is the bank that will pay the cheque. (In other words, the bank which will pay the amount written on the cheque.)
The party to a Bill of Exchange from whom payment will be due in the future and on whom the Bill is drawn. Also known as the Acceptor.
Keywords:  collection, pay, company, person
Person or company who will pay the collection