How Do You Spell DRAWEE?

Pronunciation: [dɹˈawiː] (IPA)

The word "drawee" is spelled with two syllables, pronounced as /drɔːˈiː/. It is often used in the context of financial transactions, referring to the person or entity who is instructed to pay a certain amount to the payee. The word has its roots in the verb "draw," which means to create or produce something by using a pencil, pen or other tool. In financial contexts, the word is often spelled with the suffix "-ee" to indicate the recipient of the payment.

DRAWEE Meaning and Definition

1. The term "drawee" refers to an individual or entity who is directed to make payment on a negotiable instrument such as a check, draft, or bill of exchange. In a financial transaction, the drawee is responsible for fulfilling the payment obligation specified on the instrument when it is presented for payment. The drawee is typically the bank or financial institution on which the instrument is drawn.

   When an individual writes a check, for instance, the person or organization that receives the check becomes the payee, and the bank where the check is written becomes the drawee. The drawee is expected to verify whether the check writer has sufficient funds in their account and then honor the payment by transferring the specified amount to the payee.

   In the case of a bill of exchange, the drawee is the party who accepts the draft and commits to making the payment mentioned on the document. Once the drawee has accepted the bill, they become legally obligated to make the payment according to the terms and conditions stated on the instrument. Consequently, the drawee plays a crucial role in facilitating monetary transactions and enabling the smooth flow of commerce.

   The drawee can also be referred to as the "payer" or the "acceptor" in certain contexts, depending on the specific instrument being used and the legal jurisdiction in question.

2. The person drawn on by a bill of exchange.

   Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.

Common Misspellings for DRAWEE

• srawee
• xrawee
• crawee
• frawee
• rrawee
• erawee
• deawee
• ddawee
• dfawee
• dtawee
• d5awee
• d4awee
• drzwee
• drswee
• drwwee
• drqwee
• draqee
• draaee
• drasee
• dra3ee
• drawve

Etymology of DRAWEE

The word "drawee" is derived from the verb "draw" and the suffix "-ee".

The verb "draw" originally comes from the Old English word "dragan", which means "to pull" or "to drag". It has evolved over time to have various meanings, including "to make a line or figure on a surface with a pen, pencil, or other instrument", "to bring or pull out", or "to bring forth".

The suffix "-ee" is a common suffix in English that typically denotes the person or thing that receives an action or is the object of a verb. In this case, the "-ee" suffix is added to "draw" to create "drawee", which refers to the person or entity that is drawn upon for a payment, typically in the context of a bill of exchange or check.

Similar spelling words for DRAWEE

• drawn,
• drape,
• draw up,
• rawer,
• drake,
• drawer,
• drew,
• dared,
• drey,
• draws,
• dare,
• draw,
• drye,
• drawl,
• tree,
• dares.

Plural form of DRAWEE is DRAWEES