Definitions

from The American Heritage® Dictionary of the English Language, 5th Edition.

  • noun One to whom money is paid.

from The Century Dictionary.

  • noun A person to whom money is paid or is to be paid; specifically, in law, the party in whose favor the promise or direction to pay negotiable paper is expressed.

from the GNU version of the Collaborative International Dictionary of English.

  • noun The person to whom money is to be, or has been, paid; the person named in a bill or note, to whom, or to whose order, the amount is promised or directed to be paid. See Bill of exchange, under Bill.

from Wiktionary, Creative Commons Attribution/Share-Alike License.

  • noun One to whom money is paid.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • noun a person to whom money is paid

Etymologies

from Wiktionary, Creative Commons Attribution/Share-Alike License

pay +‎ -ee (“object of action”)

Examples

  • In general, if the payee is a foreign bank or other financial institution registered with the Ministry of Finance, the interest payments will be subject to withholding tax at the rate of 15% or 4.9% for residents of a tax treaty partner.

    Doing business in Mexico: general legal, business & entry issues

  • In general, if the payee is a foreign bank or other financial institution registered with the Ministry of Finance, the interest payments will be subject to withholding tax at the rate of 15% or 4.9% for residents of a tax treaty partner.

    Doing business in Mexico: general legal, business & entry issues

  • A payee is an account that does not send you a bill regularly, such as a mortgage, landlord, or car payment.

    Getting Eggs in One Basket.

  • Under California law, those payments should stop upon the death of the payee, which is Michael Jackson.

    CNN Transcript Aug 3, 2009

  • A crossed cheque can only be paid directly into the account of the person or organisation - known as the payee - to which it is made out.

    ANC Daily News Briefing

  • A crossed cheque can only be paid directly into the account of the person or organisation - known as the payee - to which it is made out.

    ANC Daily News Briefing

  • a European consul in favour of one of his trading countrymen; the former when the payee was a friendless Persian.

    Glimpses of Life and Manners in Persia

  • The "payee" is the one for whom the check is made.

    Business Hints for Men and Women

  • They said Chinloy offered to get the mortgage and they'd pay him with a check, leaving blank the "payee" line.

    SplicedFeed

  • Traditional payment networks used by most banks involve many intermediary institutions that handle the money en route from payer to payee.

    Safeguarding the Financial Supply Chain

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