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payee
(redirected from payees)

    Also found in: Dictionary/thesaurus, Financial 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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For a third-party payment network, the network of payees must be unrelated to the settlement entity, the central organization with which accounts are established (Sec.
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50 Paperback HD7125 This volume reports on the work of the Committee on Social Security Representative Payees, which, on behalf of Congress, conducted a survey in 2004 to determine how payments to individuals and organizational representative payees are being managed and used on behalf of beneficiaries.
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