payee
Definition
Party to whom a bill of exchange (such as a check or draft) is made payable. Payee's name follows the words 'Pay to the order of.' Also called beneficiary. See also drawee and drawer.
payee is in the Accounting & Auditing and Banking, Commerce & Finance subjects.
payee appears in the definitions of the following terms:
face amount,
drawer,
returned check,
advice of fate,
unpaid check,
constructive payment,
order,
third party check,
draft,
presentation
and
payee appears in the other terms: account payee only, contingent payee, fictitious payee rule
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