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Payee - Meaning, Definition & English Examples

A payee is the person or entity who receives payment in a transaction, such as a recipient of money from a check, transfer, or other financial instrument.

payee

/peɪˈiː/ /peɪˈiː/

Definition:

The person or entity to whom money is paid or owed.

Synonyms:

recipient, beneficiary, receiver

Part of Speech:

noun

Antonyms:

payer, debtor

Common Collocations:

check payee, designated payee, joint payee, primary payee, named payee

Derivatives:

payees, payable

Usage Tips:

Ensure the payee's name matches exactly to avoid payment errors.

Common Phrases:

named payee, joint payee, primary payee

Etymology:

Derived from 'pay' + '-ee,' indicating the recipient of an action (early 19th century).

Examples:

  • 1. The check lists her as the payee.
  • 2. Always verify the payee's details before transferring money.
  • 3. The bank requires the payee's signature for clearance.
  • 4. He forgot to write the payee's name on the check.

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