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payee Definition

payee (pā ē′)

noun

the person to whom a payment is made or owed

payee Synonyms

payee

n.

recipient, receiver, wage-earner, laborer, worker, seller.

payee Law Definition

n

Any person to whom a debt is to be paid; one to whose order a check or other negotiable instrument is made out.
payee Usage Examples

Possessives

  • account: Standing order - a transfer of money directly from the payee's bank account to the University of the Arts London.
  • name: Checks Check details need careful scrutiny ( signature, date, payee's name, amount ).
  • bank: Should check payments be returned unpaid by the payee's bank we will charge a £ 8 administration fee to cover our expenses.

Converse of object

  • cross: All checks should be made payable to " HMCS " and be crossed account payee.
  • add: This gives you the option to add this payee to your payee list, so their account details are saved for future use.
  • change: To change the payee for Child Care Benefit you should ring the Child Benefit Center on 0845 202 1444.
  • nominate: In this case, the full name and address of the nominated payee must be provided to the Trust.
  • know: Let's review the problems: The list of known payees is badly organized.

Adjective modifier

  • relevant: For example, a personal stockbroker is likely to have far more interaction with a relevant payee than an internet broker.
  • main: The main payee is the person who is awarded the benefit.
  • new: You can also set up a new payee whilst making a Funds transfer, you then have the option of saving the payee.
  • other: Checks quoting any other payee will not be accepted.

Modifies a noun

  • list: Once you have returned your completed form to us, we will send you your own customized payee list card.
  • line: From this date the name of the person who holds the account will also be required in the payee line.
  • detail: Modify my payee details You can modify the payee details currently stored in internet banking.
  • name: The payee name on the check must exactly match your ING Direct account name.
  • bank: I will arrange for the documentation which the payee bank will need to transfer the sum to you.

Noun used with modifier

  • a/c: By Post Make checks payable to Kingston Corporation and crossed ' A/C payee only ' .
  • account: Payment will be made by either BACS directly into your account or by an " account payee " crossed check.
  • loss: They will normally insist that they are named as additional insureds and " sole loss payee " .