Drawee definition

Drawee means a person ordered in a draft to make payment.

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Drawee means a bank, savings bank, savings and loan association, credit union, or other person on which a check is drawn.

Drawee means a person ordered in a draft to make a pay- ment.

Examples of Drawee in a sentence

• Should a Drawee Financial Institution or other third party make a claim against us or seek re-credit with respect to any Electronic Image, we may provisionally freeze or hold aside a like amount in your account pending investigation and resolution of the claim.

• Should a Drawee Financial Institution return an item to us unpaid, we will charge your respective account for such returned item and may either (i) return the item to you, or (ii) re-present it to the Drawee Financial Institution before returning it to you.

• Checks that are sent for collection are subject to payment by the Drawee Bank and are generally available within thirty (30) calendar days, but may take longer.

• Should a Drawee Financial Institution or other third party make a claim against us or seek re-credit with respect to any electronic image, we may provisionally freeze or hold aside a like amount in your account pending investigation and resolution of the claim.

• Negotiation Payment Acceptance (42a_2) Drawee or Drafts drawn on: Deferred Payment Mixed Payment Kumari bank Confirming Bank ...........................................................

More Definitions of Drawee

Drawee means the bank or other financial institution upon which a check is drawn or a bank, savings and loan association, industrial bank, or credit union on which a negotiable order of withdrawal or a share draft is drawn.

Drawee means the person to whom the order to pay on a check or bill of exchange is addressed.

Drawee. : means the bank at which the draft is payable.

Drawee means a person ordered in a draft to

Drawee means a person on whom a bill is drawn and who has not accepted it;

Drawee means a person ordered in a

Drawee means a person ordered in a draft