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.

Use payee in a sentence

  • My job as an office manager requires me to review all of our accounts and to ensure that the payee matches each invoice received so our company account is properly credited.

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  • He was listed as the payee on the check for $2,000.00 and when he went to the bank to cash it he had to sign the back as an endorsement.

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  • There are seven requirements that a personal cheque should include in order to be negotiable, such as the payee, the payor, the date, the written amount, the numerical amount, the payor's signature and the payee's endorsement.

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