drawee is a person in whose favor a bill is drawn.
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Drawee Bank
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drawee is a person in whose favor a bill is drawn.
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The drawee is the bank which will pay the check on behalf of the
maker, who wrote the check.
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There really isnÕt a big difference between a drawer and drawee.
A drawer is a person that draws out the money and a drawee is the
person who will be receiving the money.