payee


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Payee

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.

References in periodicals archive ?
Becoming a representative payee is a selfless act of kindness.
Payees may still decide to launch a "smash and grab" adjudication in an attempt to hold the money in the short term and boost their chances of successfully negotiating a global settlement with the paying party.
The situation gets complicated when the alternate payee wants to use some of the money immediately.
* The payee spouse and the payor spouse are not members of the same household at the time of payment.
Sometimes the payee becomes completely fooled and looser when the culprit manages to escape by selling his all assets after judgement because the maker's passport is not normally seized by the court before judgement.
The agency "should consider developing systems that prohibit employees from taking certain steps related to processing payee actions and payment, until systems issues or discrepancies are resolved," Stone said.
He disclosed that no group have yet to claimed responsibility for the bombing in Payee Khan, a village situated some 65km in the north of Mohmand Agency, near Bajaur Agency.
Meanwhile responding to various points raised by the local elders, the Governor also announced to take necessary steps for construction of a primary school and a road link at village Payee Khan in Mohmand Agency.
Loss Payee on a Property Policy Doesn't Have the Same Rights as a Mortgagee
Diagnoses, circumstances, and clinical syndromes that strongly suggest the need for a payee include those listed in the Table.
Table 4 presents the estimation of the vote share model, with columns A and B referring to the version of the model in which consultant use is measured via payee counts per week, while columns C and D refer to the version using weekly candidate payment sums to consultants as the key explanatory variables of interest, and columns E and F refer to the alternative specification of proportional consultant spending to party-connected firms.
Fox said IRC Section 408(d) governs distributions from qualified retirement plans with any amount disbursed from an individual retirement plan includible in the gross income of the payee or distributee.