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- Dictionarypay·ee/pāˈē/
noun
- 1. a person to whom money is paid or is to be paid, especially the person to whom a check is made payable.
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Learn the meaning of payee, a noun that refers to one to whom money is or is to be paid, especially in a bill of exchange, note, or check. See examples, word history, and related entries.
Dec 26, 2022 · A payee is a party in an exchange of goods or services who receives payment. Learn about different types of payees, how they are paid, and their duties and limits in various transactions and situations.
Payee definition: a person to whom a check, money, etc., is payable.. See examples of PAYEE used in a sentence.
Jan 29, 2022 · Key Takeaways. A payee is a person or organization that receives payment, such as for goods or services. Payment can be in any form, including cash, a check, a money order, or an electronic transfer of funds. You typically encounter payees when banking.
Payee is a noun that means a person who money is paid to or should be paid to. Learn how to use payee in different contexts, such as finance, law, and business, with examples from the Cambridge Dictionary.
Payee is a noun that means a person who money is paid to or should be paid to. Learn how to use payee in different contexts, see examples from various sources and find translations in other languages.
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.
