Akademik

payee

person to whom money is paid

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See drawee

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A person receiving payment through any form of money transfer method. Bloomberg Financial Dictionary

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payee pay‧ee [peɪˈiː] noun [countable]

1. BANKING the person or organization to whom money, especially a cheque, must be paid:

• The Eurocheque is free of charge to its payee.

• Reports can show transactions by date, amount or payee.

— compare payer

2. account payee (only) written abbreviation a/c payee (only) BANKING a phrase written on a cheque to show it can only be paid into the account held by the person whose name is written on the cheque

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payee UK US /peɪˈiː/ noun [C]

► FINANCE, BANKING a person that money or a cheque is paid to or should be paid to: »They filled in the amount on the cheque, but left the payee's name blank.

→ Compare PAYER(Cf. ↑payer)

→ See also ACCOUNT PAYEE (ONLY)(Cf. ↑account payee )

Financial and business terms. 2012.