Payee


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Payee

A person receiving payment through any form of money transfer method.

Payee

The person or institution that receives a payment. For example, if Joe writes Bob a check for $10, Bob is the payee. He receives the check and may deposit the $10 at his bank or he may elect to take cash from either his bank or Joe's. One may be a payee on a check, wire transfer, or in any other method of sending money from one party to another.
References in periodicals archive ?
Forms 1099-K are due to participating payees by Jan.
Pay benefits to an alternate payee that are required to be paid to another alternate payee under another order previously determined to be a QDRO (ERISA Section 206(d)(3)(D); IRC Sec.
19) Unless a payee exception applies, a non-financial foreign company receiving a withholdable payment must attest to this information under penalties of perjury, on a properly completed Form W-8BEN-E.
Remember, in addition to the four to five days you should allow for your payment to reach the payee, it could take several more days for the payee to apply your payment to your account.
Consequently it does not belong to these, but to the owner of the money or to his payee as the fruit of something that belongs to them, and not of the ingenuity of the one who carried out the exchange, even if neither the sender nor the payee had had intention of collecting that gain.
Naming a lender as a loss payee for business interruption insurance takes away the insured's ability to meet other financial obligations and tilts the table inequitably in favor of the loss payee.
Many of the payees were businesswomen who made an important and valuable contribution to the colonial economy as proprietors of commercial enterprises.
Catherine Wilcox-Nash, a licensed social worker, serves as a payee for five people on SSI.
Payers can select from value-added services, such as full-service payee enrollment support or the ability to make payments via multiple instruments using a single file process to achieve a precise mix of payment methods that best balances payables costs with payee terms.
If the cheque is presented outside this period, it will usually be returned to the payee marked "out-of-time".
provider of top-rated accounting and fundraising solutions designed exclusively for the nonprofit industry, releases a free White Paper highlighting representative payee best practices and recommendations to help social services organizations and government agencies manage their clients' needs.
La journee du mardi 14 janvier 2014, coincidant avec la fete du Mawlid Ennabaoui Echarif, sera chomee et payee pour l'ensemble des personnels des institutions et administrations publiques, y compris les personnels payes a l'heure ou a la journee, a indique, hier, le ministere du Travail, de l'Emploi et de la Securite sociale dans un communique.