Question

Define Drawer , Drawee ​

Answer 1

Answer:

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1. Drawer : Drawer is the person who makes or writes the Bill of Exchange. He is a creditor of the person on whom the Bill of Exchange is drawn.

2. Drawee : Drawer is the person on whom the Bill of Exchange is drawn for acceptence. He is the person to whom credit has been granted by the Drawer.

Answer 2

Answer:

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Explanation:

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 check or draft. ... The bank that cashes your check is the drawee, your employer who wrote the check is the drawer, and you are the payee.

The maker of a bill of exchange or cheque is called the "drawer";