payee

noun

pay·​ee (ˌ)pā-ˈē How to pronounce payee (audio)
: one to whom money is or is to be paid
The payee must endorse the back of the check.

Examples of payee in a Sentence

The payee must endorse the back of the check.
Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
At the time, the attorney said their paralegal looked over it and saw the payoff amount had changed as well as the payee. Staff Report, Hartford Courant, 10 Dec. 2024 As a result, third-party settlement organizations were not required to report tax year 2023 transactions on Form 1099-K to the IRS or the payee for the lower $600 threshold amount—the existing $20,000/200 transaction threshold remained in effect through year-end. Kelly Phillips Erb, Forbes, 26 Nov. 2024 Real-time alerts for new device logins, contact detail changes, transaction limit increases, the addition of new payees and such like, allowing consumers to respond swiftly to suspicious activity. David G.w. Birch, Forbes, 30 Nov. 2024 These include matching payment amount, payment dates, payee information and transaction type, both at the transaction level and the summary level between payment transactions against the corresponding invoices, receipts or other docs. Balmukund Shukla, Forbes, 14 Oct. 2024 See all Example Sentences for payee 

Word History

First Known Use

1758, in the meaning defined above

Time Traveler
The first known use of payee was in 1758

Dictionary Entries Near payee

Cite this Entry

“Payee.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/payee. Accessed 30 Dec. 2024.

Kids Definition

payee

noun
pay·​ee pā-ˈē How to pronounce payee (audio)
: one to whom money is paid or is to be paid

Legal Definition

payee

noun
pay·​ee ˌpā-ˈē How to pronounce payee (audio)
: a person to whom money is to be or has been paid
specifically : the person named in a bill of exchange, note, or check as the one to whom the amount is directed to be paid compare drawee, drawer

More from Merriam-Webster on payee

Last Updated: - Updated example sentences
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