• Definition for "payee"
  • Sentence for "payee"

payee definition

  • noun:
    • anyone to whom money is paid.
    • anyone to whom cash is compensated.
    • anyone to who money is to be, or has-been, compensated; the person called in a bill or note, to who, or to whose order, the quantity is guaranteed or directed to-be paid. See Bill of exchange, under Bill.
    • an individual to whom cash is compensated or perhaps is become paid; especially, in-law, the party in whose benefit the promise or course to cover negotiable paper is expressed.
    • one to whom cash is compensated
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