Meaning of the word payee in English
What does payee mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
payee
US /peɪˈiː/
UK /peɪˈiː/
Noun
a person to whom money is paid or is to be paid, especially the person to whom a check is made out
Example:
•
Make sure the check is made out to the correct payee.
•
The bank requires the full name of the payee for all transactions.