payee

noun

pay·​ee (ˌ)pā-ˈē 

: one to whom money is or is to be paid

The payee must endorse the back of the check.

Examples of payee in a Sentence

The payee must endorse the back of the check.

Recent Examples on the Web

These include matching payment amount, payment dates, payee information and transaction type, both at the transaction level and the summary level between payment transactions against the corresponding invoices, receipts or other docs. —Balmukund Shukla, Forbes, 14 Oct. 2024

Given that there are several categories of payments and about 70 million payees, not every claimant receives their money at the same time. —Thomas G. Moukawsher, Newsweek, 4 Nov. 2024

The speed of payment to a beneficiary depends on the authenticity and risk profile of the receipt, the intent of payment, risk with payment ticket size, the relationship between the corresponding & correspondent banks and the transaction pattern between the two parties—payer and payee. —Balmukund Shukla, Forbes, 14 Oct. 2024

Often, the thieves would open a new bank account with a minimum amount but with the payee's name. —Jay Adkisson, Forbes, 23 Sep. 2024

Word History

First Known Use

1758, in the meaning defined above

Kids Definition

payee

noun

pay·​ee pā-ˈē 

: one to whom money is paid or is to be paid

Legal Definition

payee

noun

pay·​ee ˌpā-ˈē 

: a person to whom money is to be or has been paid

specifically : the person named in a bill of exchange, note, or check as the one to whom the amount is directed to be paid compare drawee, drawer