payee

For example, the payee writes across the back "Pay to the order of John Jones only."

But the insertion by the payee of the words "interest" after the making of a note by authority of maker will not vitiate it.

That is a copy of the original money order message received in Fort Worth authorizing the payment of the money to the payee.

He who is in legal possession of the bill and the obligation contained in it, is called the holder or the payee.