Drawer Drawee - Law Dictionary Search Results
payee
exchange, note, or check as the one to whom the amount is directed to be paid compare drawee, drawer
Retour sans protet
Retour sans protet [Fr.] (return without protest), a request or direction by a drawer of a bill of exchange, that should the bill be dishonoured by the drawee, if may be returned
drawee
Matched in: Term drawee
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Sets of Exchange, or of Bills
Sets of Exchange, or of Bills. It has been common, from a very early period, for the drawer to draw and deliver to the payee several parts, commonly called a set, of the same bill of … miscarriage of the bill, and to enable the holder to transmit the same by different conveyances to the drawee, so as to ensure the most speedy presentment for acceptance and payment. The general usage in England and
Post-dated cheque
cheques. There are practical difficulties rather than legal ones ..... But a cheque is generally post-dated because the drawer does not expect to have the funds to meet it until that date arrives. It is a mandate … not be post-dated, that is, dated after the day on which it is presented for payment to the drawee branch. Post-dated cheques present for more difficulties to the banker than antedated cheques. There are practical difficulties rather
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