A participant in a bill-of-exchange transaction

• Party to a financial transaction
• Party to a bill of exchange
• Party to a financial exchange
• The person (or bank) who is expected to pay a check or draft when it is presented for payment
• Bank, in a check transaction
• Bank in a check transaction
• Financial transaction party

The Collaborative International Dictionary Word definitions in The Collaborative International Dictionary
drawee \draw*ee"\, n. (Law) The person on whom an order or bill of exchange is drawn; -- the correlative of drawer.

Wiktionary Word definitions in Wiktionary
n. (context legal English) The party directed to pay the amount of a draft or cheque.