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 ?
The bank can adopt risk safeguards which may have to be maintained for a long time because, under the law, the payee (whose signature was forged) has five years to file a claim counted from the discovery of the forgery.
Becoming a representative payee is a selfless act of kindness.
Accordingly whilst is true that this judgment is likely to have a significant impact on the number of adjudications that payee's commence on a "smash and grab basis", it does not render such an approach entirely redundant as it will still be a useful tool in some circumstances.
Another witness, David Slayton, who works in the court administration office in Texas, testified that giving local judges who can see payees and beneficiaries in person a bigger role might be another way to protect the beneficiaries.
6050W(c) and (e), PSEs must report on Form 1099-K (1) all payments made in settlement of payment card transactions (e.g., credit cards), and (2) payments in settlement of third-party network transactions if (a) gross payments to a participating payee exceed $20,000, and (b) there are more than 200 transactions with the participating payee.
Table 3 presents the results of the estimation of the regressions of the candidate rankings on the alternative measurements of consultant use--weekly counts of consultant payees versus weekly sums or proportions of payments to them, according to party relationship--and it reveals support for the party-agent horse-race hypothesis.
* A qualified domestic relations order (QDRO) allows an employee's retirement plan to pay benefits to an ex-spouse named as alternate payee. CPAs' financial expertise can provide value to a legal team drafting a QDRO.
Part I, item 4, appears to require payees to select one, and only one, type of payee status, ignoring potential overlaps.
Intermediaries often try to make adoption "viral" by requiring payees to establish an account with the intermediary to receive a payment.
This simple form asks for basic information such as the payee's name, address, and tax ID number.
That creates or recognizes the existence of an "alternate payee's" right to receive, or assigns to an alternate payee the right to receive (see Q 119) benefits under the plan;
Substantiating proper compliance begins with identifying foreign payees and requesting proper documentation.