Drawee definition

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

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.

• The buyer will be accordingly required to deposit thE amount by way of NEFT / RTGS along with the debit advice issued by the Drawee Bank to the tune of coal value for rake / rakes load to be offered/indented as per the notice within 48 hours of such notice.

• The buyer will be accordingly required to deposit the Demand Draft /Banker‟s cheque along with the debit advice issued by the Drawee Bank to the tune of coal value for rake / rakes load to be offered/ indented as per the notice within 48 hours of such notice.

• Cheques credited to Customer Accounts are accepted for collection only, and proceeds will not be available for withdrawal until cleared by the Drawee Bank.

• 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.

More Definitions of Drawee

Drawee means a person ordered in a draft to make payment.[PL 1993, c. 293, Pt. A, §2 (NEW).]

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 bank at which the draft is payable.

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

Drawee means a person ordered in a draft to

Drawee means a person ordered in a

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