Definition of Payee

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TeachMeFinance.com - explain Payee



payee -- the person or organization to whom a check, draft, or note is payable. The payee's name follows the words: "Pay to the order of."

another definition...

Payee -- 1. The person or organization to whose order a check or draft or note is made payable.
2. One to whom money is paid or is to be paid.


historic definition...

Payee. -- The one to whom a check, bill of exchange or draft, promissory note or any order for money is payable.


About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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