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


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


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.

References in periodicals archive ?
The unified cloud-based system helps accounts payable organizations manage the entire supplier payment workflow, from payee onboarding through to tax and regulatory compliance, supplier payment remittance across the world, payee communications, through to Form 1099 / 1042-S tax preparation and payment reconciliation reporting.
PayPal), and participating payees include merchants or business payees that accept debit or credit cards or third-party network payments.
414(p) defines a QDRO as a domestic relations order under state law that (1) creates or recognizes an alternate payee's right to receive (or assigns to an alternate payee the right to receive) all or a portion of the benefits payable to a participant under a retirement plan and (2) meets certain other requirements (described below).
10) The foreign payee must certify ownership of the income, foreign residence, and eligibility for treaty benefits on pre-payment documentation provided to the withholding agent.
In addition to anytime, anywhere convenience, DOCOMO's mobile remittance service does not require the payee to register for the service or open a new bank account.
Scheduling payments: Once you have registered your own and your payee accounts, the next step is to schedule payment.
It could happen that the payee did not intend to obtain any special benefit from the coins, because for example, he was thinking of spending them, handing them over for their usual lowest price, and that the owner of the coins regularly favored the envoy's own good to that of the payee's, or did not even bother about it.
JPMorgan's Payee Verification sys tem uses an advanced form of optical character recognition technology to scan the image of each check an read the printed payee name.
Standard loss payee endorsements also require a defined legal relationship between the loss payee and the insured property.
31) An exception noted in the ledger is where a transfer is made from one account (`Joseph Wyatt') to a woman's account (`Mary Donovan') and the entry for the payee is written as `Donovan'.