payee

[US]/peɪ'iː/
[UK]/ˌpe'i/
Frequency: Very High

Translation

n. the person who receives payment

Example Sentences

identify the payee of a cheque

Excuse me, but how do you spell the name of the payee?

Holder: holder is a person in possession of a commercial paper that is payable at that time either to the order of such person as payee or indorsee or to bearer.

The payee must endorse the check before depositing it.

Please provide the payee's name and address for the invoice.

The payee will receive the payment within 3 business days.

Make sure to double-check the payee information before submitting the transfer.

The payee can choose to receive the funds via bank transfer or check.

The payee's signature is required to confirm receipt of the payment.

The payee's bank account number is needed for electronic transfers.

The payee should keep a record of all payments received for tax purposes.

The payee's information is kept confidential to protect their privacy.

The payee's details were missing from the payment slip, causing a delay in processing.

Real-world Examples

On paydays, he was the payer, and the workers were the payees.

Source: Pan Pan

The funds went out to over 1,000 unique payees.

Source: American TV series POI: Person of Interest Season 1

A negotiable instrument signal and issued by a depositor who has opened a deposit account and accepted by the bank upon examination and approval, guaranteeing unconditional payment of a certain amount to the payee or holder on a specified date.

Source: ME

Popular Words

Explore frequently searched vocabulary

Download App to Unlock Full Content

Want to learn vocabulary more efficiently? Download the DictoGo app and enjoy more vocabulary memorization and review features!

Download DictoGo Now