Related Terms
Party to whom a bill of exchange (such as a check or draft) is made payable. Payee's name follows the words 'Pay to the order of.' Also called beneficiary. See also drawee and drawer.

Use 'payee' in a Sentence

My job as an office manager requires me to review all of our accounts and to ensure that the payee matches each invoice received so our company account is properly credited.
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He was listed as the payee on the check for $2,000.00 and when he went to the bank to cash it he had to sign the back as an endorsement.
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There are seven requirements that a personal cheque should include in order to be negotiable, such as the payee, the payor, the date, the written amount, the numerical amount, the payor's signature and the payee's endorsement.
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