Definition of Payee. Meaning of Payee. Synonyms of Payee

Here you will find one or more explanations in English for the word Payee. Also in the bottom left of the page several parts of wikipedia pages related to the word Payee and, of course, Payee synonyms and on the right images related to the word Payee.

Definition of Payee

Payee
Payee Pay*ee", n. The person to whom money is to be, or has been, paid; the person named in a bill or note, to whom, or to whose order, the amount is promised or directed to be paid. See Bill of exchange, under Bill.

Meaning of Payee from wikipedia

- while the payee is the party receiving the payment. In trade, payments are frequently preceded by an invoice or bill. In general, the payee is at liberty...
- drawer writes the various details including the monetary amount, date, and a payee on the cheque, and signs it, ordering their bank, known as the drawee, to...
- A representative payee, or substitute payee, is a person who acts as the receiver of United States Social Security Disability or Supplemental Security...
- determinate sum of money to the other (the payee), either at a fixed or determinable ****ure time or on demand of the payee, under specific terms. The terms of...
- Payees use the information provided on the 1099 forms to help them complete their own tax returns. In order to save paper, payers can give payees one...
- help the payee avoid backup withholding. The payer must collect withholding taxes on certain reportable payments for the IRS. However, if the payee certifies...
- person's bank account. Formally, the person who directly draws the funds ("the payee") instructs his or her bank to collect (i.e., debit) an amount directly...
- deposit (or direct credit) is a deposit of money by a payer directly into a payee's bank account. Direct deposits are most commonly made by businesses in...
- that which appears on the ‘payee’ line of the cheque (i.e. the person who has received the cheque, who is legally the “payee” and “holder” of the cheque)...
- awards a portion of the plan parti****nt's benefit to an alternate payee. An alternate payee must be a spouse, former spouse, child or other dependent of the...
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