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let me know the meaning of Drawer,Drawee and payee of the
cheque

Answers were Sorted based on User's Feedback



let me know the meaning of Drawer,Drawee and payee of the cheque..

Answer / megablotter

Drawer is the person who pays the money for products or
services he/she has availed.

Payee is the person who has provided the services or
products to the drawer for which he is getting paid.

Drawee is the bank or financial institution through which
the money is paid.

Is This Answer Correct ?    525 Yes 91 No

let me know the meaning of Drawer,Drawee and payee of the cheque..

Answer / surendra araveti

drawer : a drawer is the person who has an account in the bank and draws a cheque for payment

drawee : a drawee a person on whom the cheque is drawn.. he is liable to pay the amount

payee : a payee is the person to whom the amount stated in the cheque is payable ...

Is This Answer Correct ?    171 Yes 42 No

let me know the meaning of Drawer,Drawee and payee of the cheque..

Answer / prajith kottassery

Drawer = owner

Drawee = Bank

Payee = bearer

Is This Answer Correct ?    106 Yes 11 No

let me know the meaning of Drawer,Drawee and payee of the cheque..

Answer / kumar deep

the maker of a bill of exchange or a cheque is called the drawer
a person thereby directed to pay is called the drawee.

Is This Answer Correct ?    80 Yes 28 No

let me know the meaning of Drawer,Drawee and payee of the cheque..

Answer / nisha

Drawer:- who person have a right that receive amt.form
another person and write bill for own debtors. drawer
signature on bill of exchange

Drawee:- who's person acceptor bill of exchange. That
person do payment for bill exchange.

Payee:-which person receive amt. of bill of exchange who
celled payee.

Is This Answer Correct ?    87 Yes 83 No

let me know the meaning of Drawer,Drawee and payee of the cheque..

Answer / vinay kushaal

Drawer:who writes and grants credit for whom bill of exchange is drawn.
Drawee:whom the bill of exchange is drawn ge is the person who is granted credit
Payee:he is the person named in bills of exchange to whom the amount is paid
PAYEE MAY BE THE DRAWER AND VICE VERSA

Is This Answer Correct ?    5 Yes 5 No

let me know the meaning of Drawer,Drawee and payee of the cheque..

Answer / aditya

drawer =the person who draws bill ..
drawee=the person whom the bill is drawn..

Is This Answer Correct ?    13 Yes 19 No

let me know the meaning of Drawer,Drawee and payee of the cheque..

Answer / aadi

Drawer:-It is the party,who draws the bill.Drawer must be the creditor.He may either be a seller of goods or lender of money.

Drawee:-Drawee is the person or the party who has to make the payment or who accepts to make the payment.

Is This Answer Correct ?    21 Yes 28 No

let me know the meaning of Drawer,Drawee and payee of the cheque..

Answer / r. chauhan

Drawer= vah vaykti jo cheque likha he.
Drawee=vah vaykti jiske liye cheque likha jaata he.
Payee= bank ka vah vyktii jo cheque paas krta he

Is This Answer Correct ?    10 Yes 22 No

let me know the meaning of Drawer,Drawee and payee of the cheque..

Answer / rahul

thier will be three partie always when their is talk of negotiable instrument (cheque , demand draft etc.)
drawer - a person who is drawer of the bill on the demand pof payer
payee - who will have the money in future.
drwaee- who will reciev the negotible instrument (cheque) on the behalf of the payee. for payment.

Is This Answer Correct ?    15 Yes 29 No

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