Webn. 1 a person or thing that draws, esp. a draughtsman. 2 a person who draws a cheque. See → draw → 15. 3 a person who draws up a commercial paper. 4 Archaic a person who … WebJun 21, 2024 · Drawee is a legal and banking term used to describe the party that has been directed by the depositor to pay a certain sum of money to the person presenting the …
What Is a Drawee in Legal and Banking Terms? - Investopedia
WebMar 22, 2024 · Demand Draft: A demand draft is a method used by an individual for making a transfer payment from one bank account to another. Demand drafts differ from normal checks in that they do not require ... Webdrawer meaning: 1. a box-shaped container, without a top, that is part of a piece of furniture. It slides in and…. Learn more. probuilt wafer testing
What Is a Drawee in Legal and Banking Terms?
WebNov 18, 2003 · Check: A check is a written, dated, and signed instrument that contains an unconditional order from the drawer that directs a bank to pay a definite sum of money to a payee . The money is drawn ... Checks and balances are various procedures set in place to reduce … Check Hold: Denotes a period of time equal to the maximum number of days that a … Here is the A to Z of checking accounts: types of accounts, basics on check … In addition, the party receiving the bounced check may demand reimbursement for a … Bounced Check: A bounced check is slang for a check that cannot be processed … Non-Sufficient Funds - NSF: Non-sufficient funds (NSF) is the status of a checking … Bad Check: A check drawn on a nonexistent account or on an account … Account Balance: An account balance is the amount of money in a financial … Bounced Check: Definition, What Happens Next, Fees & Penalties. 15 of 25. When … Web(5) " Drawer" means a person who signs or is identified in a draft as a person ordering payment. (6) [reserved] (7) " Maker" means a person who signs or is identified in a note … WebA cheque, or check (American English; see spelling differences), is a document that orders a bank (or credit union) to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued.The person writing the cheque, known as the drawer, has a transaction banking account (often called a current, cheque, … register of charity mergers