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.
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.
payee is the person whom the cheque, draft or money order is made out to.
a payee is wait whats a payee
what does a % sign mean on a us treasury check
The bank receiving the money is the payee. The payee gets whatever from the payer.
payee is the person who is to be paid payor is who pays to 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.
payee's
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.
They both mean the same
I addressed the check to the payee.
A payee is a person who will receive the funds.