What does Payee, Drawee and Drawer mean?

Dewan

What does Payee, Drawee and Drawer mean?

fedemenni

Payee = a person to whom money is paid or is to be paid, especially the person to whom a cheque is made payable. => person receiving the payment

Drawee= the person or organization, typically a bank, who must pay a draft or bill.

Drawer = a person who writes a cheque.

Dewan

Thank You fedemenni