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- Dictionarypayee/ˌpeɪˈiː/
noun
- 1. a person to whom money is paid or is to be paid, especially the person to whom a cheque is made payable.
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PAYEE definition: 1. a person who money is paid to or should be paid to 2. a person who money is paid to or should be…. Learn more.
Dec 26, 2022 · What Is a Payee? A payee is a party in an exchange of goods or services who receives payment. The payee is paid by cash, check, or another transfer medium by a payer.
Jan 29, 2022 · On a check, the payee is the person or organization to whom the check is written. For online payments, you provide payee (or recipient) information when setting up automatic transfers. The Social Security Administration can appoint a representative payee to receive and manage funds for a beneficiary.
The payee of a cheque or similar document is the person who should receive the money.
The meaning of PAYEE is one to whom money is or is to be paid. How to use payee in a sentence.
Anyone who is paid is a payee, but the term is most commonly used to mean the person (or organization) whose name is written on a check after the words "pay to the order of." If you write a check to pay your cable bill, the cable company is the payee.
PAYEE meaning: 1. a person who money is paid to or should be paid to 2. a person who money is paid to or should be…. Learn more.
Jun 8, 2023 · What is a payee? A payee is a person to whom the payment for the note is to be made. This is the person who will receive cash for note funding. How do you identify the payee in a check? A payee in a check is the person or entity to whom the check is due. It follows after the phrase "Pay to the order of" in the face of the check.
Definition of payee noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
Payee definition: a person to whom a check, money, etc., is payable.. See examples of PAYEE used in a sentence.
