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A payment is the transfer of wealth from one party (such as a person or company) to another. A payer is the party making a payment. The payee is the party receiving the payment.
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∙ 10y ago
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What is difference between payor and payee?
payee is the person who is to be paid payor is who pays to the payee
A person who writes the check?
The person who writes a check is called the payor. Or in the case of my brother, a sucker, when he writes another check for his girlfriend.
Can you cash a check at a the bank where a check is wrote to you if there is no money in the account?
You can and it would probably bounce due to insufficient funds, unless the payor had bank coverage for IF, then the bank would pay it. The payor [you'r the payee, the one who should be receiving the money] would be penalized by the bank if they dint have the IF coverage, as I understand it, I've never been in that situation.
What is the difference between remuneration and reimbursement?
To reimburse is to pay for expenditures made on the payor's behalf. To remunerate is to pay for services made at the request of the payor. The subtle difference is that the party receiving the monies in the first instance used funds already under their control, whereas in the second instance the funds are transferred to the service provider during or after the service is rendered, with the provider expending their own funds.
What is the definition of Historical Cost?
what is the definition of historical cost
What is difference between payor and payee?
payee is the person who is to be paid payor is who pays to the payee
What is tertiary insurance?
Tertiary insurance is the 3rd insurance policy responsible for payment. Example... Medicare, primary payor Blue Cross Blue Shield, secondary payor Aetna, tertiary payor
Can a demand draft be stopped by payor?
No
Payor benefit rider?
The answer is already on this website, pleases see the link below. http://www answers com/topic/payor-clause
Who is the payor on the check?
The person who wrote the check
Who is the payor on a check?
The person who wrote the check
Who is the payor for US uniformed services insurance?
tricare
Is payer or payor the correct spelling?
Payer is the correct spelling.
What is a 5 letter word for a person who settles up?
payer payor
What is the name of a person who owes others money?
The debtor. customer, client, payor.
If a pt has Medicaid and Medicare which is primary?
Medicaid is always the payor of last resort.
If you failed to deposit a check issued over six months ago but still have the original check and can mail it back to the payor is the payor bound by law to draft a new check?
The payor is not bound by law to issue another check. The check was legal tender that you could have cashed at any time. Some banks will still cash a check that was issued over six months ago.
