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payee

American  
[pey-ee] / peɪˈi /

noun

  1. a person to whom a check, money, etc., is payable.


payee British  
/ peɪˈiː /

noun

  1. the person to whom a cheque, money order, etc, is made out

  2. a person to whom money is paid or due

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Etymology

Origin of payee

First recorded in 1750–60; pay 1 + -ee

Compare meaning

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Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Sometimes foreign companies will withhold local taxes from dividends before sending them to a U.S. payee.

From Barron's

As a taxpayer, a Social Security payee, and someone who appreciates efficiency and good government, I am grateful to them.

From MarketWatch

According to the IRS, the alternate payee who receives the funds can roll over the distribution from a qualified retirement plan tax-free with a QDRO.

From Salon

Hayes allegedly deposited the checks in her accounts at various banks by forging the signatures of payees, prosecutors said.

From Los Angeles Times

Jack also approved these – which meant he had been tricked into setting up three new payees.

From BBC