drawee
Word family
Synonym discussion
Sense: noun/1
These words describe different roles in a payment, but they are not interchangeable. A drawee is the party named on a check, bill, or draft that must pay when the document is presented, and this word is mostly used in banking or legal English. Payer is much broader and can mean anyone who pays in any situation, so it fits ordinary speech better. Drawer is the person who writes or issues the document, not the one that pays it at presentation. Payee is the opposite role: the person or business that receives the money. If you are reading a banking form, ask who must pay, who created the paper, and who receives the funds.
Common collocations
Nouns
- drawee bank
- drawee branch
- drawee line
Phrases
- list a bank as drawee
- present the draft to the drawee
Prepositions
- drawee on
Etymology
Formed in English from the verb 'draw' with the suffix '-ee'. In financial language, the word names the person or institution on whom a bill, draft, or check is drawn for payment.