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n. The party on which an order for the payment of money is drawn.

n. The party directed to pay the amount of a draft or check.

n. The person on whom an order or bill of exchange is drawn; -- the correlative of drawer.

n. One on whom an order, draft, or bill of exchange is drawn-that is, the one to whom its request is addressed; the person requested by a bill of exchange to pay it. see extract under drawer, 3.

n. the person (or bank) who is expected to pay a check or draft when it is presented for payment

"This so-called "truncation" of the collection process calls for a redefinition of the duties incumbent on the holder and collecting and drawee banks and have been specifically addressed in the proposed legislation."

remunerator    payer   

drawer   

acceptor