Payee: meaning, definitions and examples

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payee

[ ˌpeɪˈiː ]

^{Context #1}

financial transactions

A payee is a person or organization to whom money is paid or is to be paid.

Synonyms

beneficiary, receiver, recipient

Examples of usage

The payee of the check is the landlord.
Please make sure to write the correct payee on the money order.

^{Context #2}

legal documents

In legal documents, the payee is the person to whom an obligation is owed.

Synonyms

creditor, obligee

Examples of usage

The payee of the promissory note is the lender.
The payee of the contract has the right to enforce its terms.

Translations

Translations of the word "payee" in other languages:

🇵🇹 beneficiário

🇮🇳 प्राप्तकर्ता

🇩🇪 Empfänger

🇮🇩 penerima

🇺🇦 отримувач

🇵🇱 beneficjent

🇯🇵 受取人

🇫🇷 bénéficiaire

🇪🇸 beneficiario

🇹🇷 alacaklı

🇰🇷 수취인

🇸🇦 المستفيد

🇨🇿 příjemce

🇸🇰 príjemca

🇨🇳 收款人

🇸🇮 prejemnik

🇮🇸 viðtakandi

🇰🇿 алушы

🇬🇪 მიმღები

🇦🇿 alqı

🇲🇽 beneficiario

Word origin

The term 'payee' originated in the early 19th century, derived from the word 'pay' with the suffix 'ee' indicating a person who receives something. It has been commonly used in financial and legal contexts to specify the recipient of a payment or obligation.