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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
What is the difference between payor and payee?
The payer is the person that is paying a sum of money to the payee. The payer signs the check and the payee is the person who cashes the check.
What is the definition of a 'payor'?
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.
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.
Can a judgment for legal fees be mediated?
Possibly 'post-judgement' they might be, but the finding of the court is still a court order and cannot be subject to change. Either the payor or the payee would have to file a motion with the to alter its' judgement.
When there is a question of back child support where is the burden of proof?
The burden of proof is on the payee (the one receiving payments). If a support order was filed - the payee contacts the state agency to "go after" the payor. The burden will then shift to the state as they are the keeper and overseer of all payment records. They can then garnish IRS tax refunds and issue additional child support payment amounts to repay the arrearage.
Is the legal payment date the date the transaction is initiated or the date the payee receives the payment?
The legal payment due date is the date specified in the contract. The actual payment date is the date the payment is initiated by the payor unless specified otherwise in the contract.
Is the payee the owner of a bad check?
a payee is wait whats a 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
Who is the payee bank?
The bank receiving the money is the payee. The payee gets whatever from the payer.
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
