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Payee

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Payee definition:
The person to whom payment is addressed or given.
The person to whom payment is addressed or given.
In family law, the term usually refers to the recipient, the person who receives or to whom support or maintenance is owed.

 


Payee
The person who under a promissory note or check lends money as loan and who receives the payment at the due date.
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Representative Payee: If you receive Social Security benefits or Supplemental Security Income and become unable to handle your own financial affairs, a relative, friend, or an interested party is appointed to handle your Social Security matters.

Payee: The person to whom a bill is to be paid.
Payoff: The time for a settlement of a debt; a reckoning.

payee : a person to whom money is to be or has been paid ;specif : 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 ...

payee
n. the one named on a check or promissory note to receive payment.

payee: Person or organization in whose name child support or other money is paid.
payor: Person that makes a payment.
penalty: Punishment for breaking a law.

PAYEE. The person in whose favor a bill of exchange is made payable. Vide Bills of Exchange.

Payee
The person to whom payment is addressed or given. In family law, the term usually refers to the person who receives or to whom support or maintenance is owed.

A payee usually receives payment of a check upon endorsing it and presenting it to a bank in which the payee has an account. The bank can require the payee to present identification to prove a relationship with the bank, before cashing the check.

ACCELERATION - A payee's right to demand immediate payment of an entire loan balance, including payments otherwise due at a future time, if a promisor defaults under a promissory note's terms.

Payee: Person to whom a bill of exchange is made payable. On an ordinary cheque, the name preceded by the words "pay to the order of" identifies the payee.
Payor: Person who makes a payment on a cheque or bill of exchange.

: to sign one's name as payee on the back of (an instrument) in order to receive the cash or credit represented on the face <~ a check> ...

a draft upon a particular account in a bank, in which the drawer or maker (the person who has the account and signs the check) directs the bank to pay a certain amount to the payee (which may include the drawer, "cash," or someone else).

Contingent Annuity An annuity whose amount of payment (or the payee) is not certain and depends on a specific future event.
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A quadro is a domestic relations order which is qualified to create an alternate payee's right to receive a portion of the benefits from a participant's pension plan.

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A written order from one person (the payor) to another, signed by the person giving it, requiring the person to whom it is addressed to pay on demand or at some fixed future date, a certain sum of money, to either the person identified as payee or to ...

You retain complete control of your property while you are alive, and you can change the beneficiary (payee) at any time. At your death, the property is transferred directly to the beneficiary, free of probate.

Not real; feigned: as, a fictitious - action, case, issue, name, party, payee. 2. Imaginary; unsubstancial: as, fictitious bail. 3. Not made in good faith: as, a fictitious bid.

See also: Law, Person, Term, Attorn, Attorney

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