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 Court of Appeals for the Ninth Circuit held that an alternate payee could perfect a domestic relations order into a QDRO after the participant's death where the plan was on notice of the domestic order before the death of the participant.
payers will need to institute new procedures in their accounts payable departments to properly identify potentially withholdable payments and foreign payees from whom Form W-8BEN-E must be obtained.
Even for businesses with sophisticated reporting mechanisms in place, the revised statute will increase the number of payees from whom TINs and other identifying information must be collected (whether on W-9s or otherwise).
Compensation to such nonemployees deferred more than 2 1/2 months after the close of the payer's taxable year cannot be deducted until the payee recognizes the income.
Many users of private disability insurance or private long-term care insurance who file claims end up getting their Social Security benefits payments through representative payees.
Les dettes non payees dans ces trois delegationssont reparties comme suit, 84 pc des habitants et 16 pcdes administrations et des collectivite locales", a-t-ilprecise.
Countless different Forms W-8 exist with many complex requirements and it can be overwhelming and time-consuming for payees to determine which form to use and how to complete them adequately.
PayPal), and participating payees include merchants or business payees that accept debit or credit cards or third-party network payments.
The Philippine Stock Exchange and the Bankers Association of the Philippines yesterday asked the Supreme Court to declare as unconstitutional a revenue regulation requiring withholding agents to submit a list of payees on income payment subject to creditable and final withholding taxes.
While the employer assumes the risk of having sufficient funds available to pay employees their promised benefit under defined benefit plans, defined contribution plans shift this risk to plan participants--and, thus, to alternate payees.
Consequently, the statute authorizes regulations relieving "low risk" payments from the brunt of FATCA, and provides exceptions for certain "low risk" non-financial payees.
Furthermore, compared with checks, some of the new P2P methods provide payers with greater control over account balances, payees with faster access to funds and both with stronger security.