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单词 drawee
例句 drawee
The State Bank of Utah is called the drawer; the National Park Bank of New York, on whom the draft is drawn, is the drawee; Henry L. Fowler is the payee. Business English A Practice Book 2011-11-19T03:00:25.507Z
We have, therefore, to consider a fresh type of bill of which the drawer has no claim on the drawee, but, on the other hand, incurs a debt to the drawee. Encyclopaedia Britannica, 11th Edition, Volume 10, Slice 1 "Evangelical Church Conference" to "Fairbairn, Sir William" 2011-07-16T02:00:16.387Z
The person thereby required to pay is called the drawee. Encyclopaedia Britannica, 11th Edition, Volume 3, Slice 7 "Bible" to "Bisectrix" 2010-12-20T17:12:05.780Z
If the drawee acknowledges that this is the case, he signifies it when the bill is presented to him, by writing on the back the word "accepted," together with his name. Political economy
And if the note is addressed to a drawee he must be named or indicated with reasonable certainty. Putnam's Handy Law Book for the Layman
In a note the promissor is primarily liable; in a bill the drawer becomes liable only after an ineffectual resort to the drawee. Principles Of Political Economy Abridged with Critical, Bibliographical, and Explanatory Notes, and a Sketch of the History of Political Economy
After that the bill is a double obligation of the drawer and the drawee, and may be discounted in the open market, for cash. Elements of Foreign Exchange A Foreign Exchange Primer
In Scotland it has long been the law that a bill may operate as an assignment of funds in the hands of the drawee, and � 53 of the act preserves this rule. Encyclopaedia Britannica, 11th Edition, Volume 3, Slice 7 "Bible" to "Bisectrix" 2010-12-20T17:12:05.780Z
I am not the drawee described in the bill.' Memoir, Correspondence, And Miscellanies, From The Papers Of Thomas Jefferson, Volume 1
An accommodation party is one who has signed the note as maker, drawee, acceptor or indorser without receiving value therefor, and for the purpose of lending his name to some other person. Putnam's Handy Law Book for the Layman
B, to whom it is addressed, is the drawee; C, to whom it is made payable, is the payee. The Government Class Book Designed for the Instruction of Youth in the Principles of Constitutional Government and the Rights and Duties of Citizens.
In the case of a draft or check, the person ordering the payment is called the drawer; the person addressed, the person drawn upon or the drawee; and the person to be paid, the payee. Studies in Civics
Acceptance.—By the acceptance of a bill the drawee becomes the principal debtor on the instrument and the party primarily liable to pay it. Encyclopaedia Britannica, 11th Edition, Volume 3, Slice 7 "Bible" to "Bisectrix" 2010-12-20T17:12:05.780Z
Discharge.—Normally a bill is discharged by payment in due course, that is to say, by payment by the drawee or acceptor to the holder at or after maturity. Encyclopaedia Britannica, 11th Edition, Volume 3, Slice 7 "Bible" to "Bisectrix" 2010-12-20T17:12:05.780Z
Presentment for payment, of course, is needful to charge the drawee and indorsers. Putnam's Handy Law Book for the Layman
If, when a bill is presented to the drawee, he agrees to pay it, he is said to accept the bill, and writes his acceptance upon it. The Government Class Book Designed for the Instruction of Youth in the Principles of Constitutional Government and the Rights and Duties of Citizens.
For instance, the holder of the note may wish to use the money before it is due, or the payee of a draft may wish to realize without going to the drawee. Studies in Civics
Sometimes the drawer or indorser has reason to expect that the bill may be dishonoured by the drawee. Encyclopaedia Britannica, 11th Edition, Volume 3, Slice 7 "Bible" to "Bisectrix" 2010-12-20T17:12:05.780Z
But there are certain peculiar rules Cheques. relating to the latter which arise from the fact that the relationship of banker and customer subsists between the drawer and drawee of a cheque. Encyclopaedia Britannica, 11th Edition, Volume 3, Slice 7 "Bible" to "Bisectrix" 2010-12-20T17:12:05.780Z
The acceptance of a bill is the signifying by the drawee that he has assented to the drawer's order, and must be in writing. Putnam's Handy Law Book for the Layman
It is not a direct promise to pay; but it is an undertaking, by the drawer, that the drawee shall accept and pay; and the drawer is answerable only when the drawee fails to pay. The Government Class Book Designed for the Instruction of Youth in the Principles of Constitutional Government and the Rights and Duties of Citizens.
The drawee is allowed twenty-four hours after presentment to decide whether or not he will accept the bill; but the acceptance, if given, dates from the day of presentation. Putnam's Handy Law Book for the Layman
An acceptance must be in writing and must be signed by the drawee. Encyclopaedia Britannica, 11th Edition, Volume 3, Slice 7 "Bible" to "Bisectrix" 2010-12-20T17:12:05.780Z
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