account payee

Also found in: Legal.

account payee

a means of indicating on a CHEQUE that the money should only be paid into the bank or building society account of the payee.

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Account Payee Only

References in periodicals archive ?

If a cheque is crossed and marked "account payee" or "account payee only", it is not transferable.

The legal situation with bank cheques; YOUR VIEW TODAY: Joe Michna, bureau manager, Hartlepool Citizens Advice Bureau A chance for local charities, voluntary organisations and advice groups to reach our readers

The candidates are required to incur all their expenses except petty minor amounts, through cross account payee cheque from the said account," he added.

Now, poll bank accounts must for candidates: Moily

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