Definition Of A Payee
Definition Of A Payee. Meaning of payee in english. Payment can be in any form, including cash, a check, a money order, or an electronic.
However, there are situations in which the payee. The definition of a payee is the person to whom money is being paid. A person who money is paid to or should be paid to.
The Person Or Institution That Receives A Payment.
Due to the fact that words are arbitrary and have no true significance, they can be. Generally, the payee is the person to whom you make the payment, regardless of whether that person is the beneficial owner of the income. The person named in a bill of exchange, note, or check as the one to whom the amount is directed to be paid — compare drawee, drawer.
For Example, When Writing A Check, The Person Who The.
A payee is a person or organization that receives payment, such as for goods or services. A representative payee (payee) manages benefit payments for our beneficiaries who are incapable of managing their social security or supplemental security income (ssi) payments. A person who money is paid to or should be paid to.
The Person In Whose Favor A Bill Of Exchange, Promissory Note, Or Check Is Made Or Drawn;
For example, if joe writes bob a check for $10, bob is the payee. Where a check is cleared through a bank, the drawer's account is debited with. Noun [ c ] finance & economics, law specialized uk / peɪˈiː / us / peɪˈiː /.
A Payee Is A Person Who Is To Receive Money.
An example of payee is the name of the grocery store written on the check. The definition of a payee is the person to whom money is being paid. Payment can be in any form, including cash, a check, a money order, or an electronic.
Do You Have An Idea What The Definition Of Payee Is?
The definition of the word payee is: The one named on a check or promissory note to receive payment. A person to whom money is to be or has been paid specifically :
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