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payee

   Also found in: Dictionary/thesaurus, Medical, Financial, Wikipedia 0.01 sec.

The person who is to receive the stated amount of money on a check, bill, or note.

payee n. the one named on a check or promissory note to receive payment.

payee noun acceptor, assignee, consignee, devisee, donee, drawer, endorsee, grantee, recipient, taker, transferee
See also: beneficiary, heir, holder, recipient, transferee

PAYEE. The person in whose favor a bill of exchange is made payable. Vide Bills of Exchange.
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The payee receives a mail notification via their DOCOMO mobile phone and is given the option of depositing the money in a domestic bank account or having the amount credited to their monthly DOCOMO phone bill.
DOCOMO to Launch Mobile Remittance Service by JCN Newswires
In a payment card transaction, the payee may also be referred to as the merchant or seller.
New information reporting requirements for payment card and ... by Gill, D. Joe / The Tax Adviser
Payers may presume a payee is domestic if the payee provides a U.
Sourcing income withholding on payments to foreign vendors by Frankiel., Steven M. / California CPA
 
 
 
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