noun a person or entity to whom money is paid
The recipient of rental payments or other financial transactions related to property ownership.
The recipient of funds in a business transaction, such as a vendor or contractor.
The party who receives payment in a legal transaction, such as a contract or settlement.
The person or organization entitled to receive insurance proceeds in the event of a claim.
The individual or entity to whom a payment is made, often specified on a check or electronic transfer.
A writer may use the term 'payee' when discussing contracts or agreements with publishers or clients regarding payment for their work.
A psychologist may use the term 'payee' when discussing payment arrangements with clients for therapy services rendered.
An accountant may use the term 'payee' when recording financial transactions and identifying the recipient of funds in accounting records.
A lawyer may use the term 'payee' when drafting legal documents such as contracts or wills that involve payments to specific individuals or entities.
A banker may use the term 'payee' when processing checks or electronic payments and identifying the recipient of funds from a payer.