payee

[pey-ee]

noun

1. a person to whom a check, money, etc., is payable.

payee

/ peɪˈiː /

noun

1. the person to whom a cheque, money order, etc, is made out

2. a person to whom money is paid or due

Word History and Origins

Origin of payee¹

First recorded in 1750–60; pay ¹ + -ee

Example Sentences

Additionally, it must disclose the specific amount or percentage of the main participant or account holder’s retirement benefits that will be paid out to the alternate payee.

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Hayes allegedly deposited the checks in her accounts at various banks by forging the signatures of payees, prosecutors said.

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Jack also approved these – which meant he had been tricked into setting up three new payees.

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On this occasion, McLaughlin requested that the payee line be left blank on the cheque - and instead of purchasing the memorial items - McLaughlin filled in his own name and pocketed the £1,000.

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He could also alter payee account details without “authorisation or verification”, which he did to transfer money to himself.

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Related Words

• heir 
• recipient