drawee

Meanings

• noun

  A person who draws or makes a payment from an account.

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Variants

List of all variants of drawee that leads to same result
drawee , drawees

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Etymology

origin and the way in which meanings have changed throughout history.

Originally meant 'one who draws' in Middle English.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. A drawee is also known as the drawer in banking terms.

2. The term 'drawee' has its origins in Middle English and is derived from the verb 'draw'.

3. In the context of a bill of exchange, the drawee is the person who is obligated to pay the bill.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. check: A financial instrument that orders a bank to pay a specified amount to the person named in the check.

2. draft: A written order for payment of a debt or the transfer of money.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

In banking, a drawee is the person or financial institution that draws or issues a check, draft, or bill of exchange.

How to Memorize "drawee"

1. visualize
   

   - Visualize a person writing a check or making a payment from an account.

2. associate
   

   - Associate the word 'drawee' with 'draw' and 'payment'.

3. mnemonics
   

   - Use the mnemonic 'Draw Payment' to remember the meaning of 'drawee'.

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