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The payee is the one that receives a payment.

On a check or money order, the payee is the person the check is made out to. This is the person who can cash the check, or deposit it into his account. On a promissory note he is the one who receives the money from the loan.

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17y ago

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Related Questions

Is the payee the owner of a bad check?

a payee is wait whats a payee


Who is the payee bank?

The bank receiving the money is the payee. The payee gets whatever from the payer.


What is difference between payor and payee?

payee is the person who is to be paid payor is who pays to the payee


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 Payee in banking transaction?

A payee is a person who will receive the funds.


What considered fraud as SSDI Payee?

Examples of representative payee fraud include improper application for such position: for example, you cannot be a representative payee if you are a convicted felon in the state for which you are applying. Other forms of representative payee fraud include improper spending of the beneficiaries money for the payee's own needs instead of the beneficiary. Filing a false payee report is also a form of representative payee fraud.


What is the root word of payee?

The root word of payee is "pay."


What is a good business sentence for payee?

When it comes to money, I want to be the payee.


On a promissory note the payee is the?

The payee is the one who will receive the money promised in the note.

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