What does Payee, Drawee and Drawer mean?

Dewan
Dewan Registered Posts: 13
What does Payee, Drawee and Drawer mean?

Comments

  • fedemenni
    fedemenni MAAT, AATQB Posts: 95
    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.
    MarieNoelleDewanMilaJ
  • Dewan
    Dewan Registered Posts: 13
    Thank You fedemenni
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