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.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
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The candidates are required to incur all their expenses except petty minor amounts, through cross account payee cheque from the said account," he added.