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A loss payee is the person or company who will be paid if property is damaged. Typically it's the lender if a car, copier, home, etc. is financed.
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∙ 15y ago
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What is a lose payee and a mortgage payee?
In order to preserve the interest of the Lender, a lost payee clause is added onto the insurance policy. This indicates the list of people who are interested in the property but are not policy holders. This is similar to the mortgage payee clause between the owner and the buyer.
What does account payee mean?
payee is the person whom the cheque, draft or money order is made out to.
Is the payee the owner of a bad check?
a payee is wait whats a payee
What is difference between payor and payee?
payee is the person who is to be paid payor is who pays to the payee
Who is the payee bank?
The bank receiving the money is the payee. The payee gets whatever from the payer.
What does ac mean on the payee line of us treasury checks?
what does a % sign mean on a us treasury check
On a promissory note who is the payee?
The payee is the person to whom the money is owed.The payee is the person to whom the money is owed.The payee is the person to whom the money is owed.The payee is the person to whom the money is owed.
How do you say loss payee in Spanish?
payee's
What check does not require a payee?
All checks require a payee. Payee is the person who is going to use the check and get the money. You cannot issue a check that does not have a payee.
How do you use payee in a sentence?
I addressed the check to the payee.
What is the difference between a crossed cheque and account payee's cheque?
They both mean the same
What is Payee in banking transaction?
A payee is a person who will receive the funds.
