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Definition of "payee" [pay•ee]

  • One to whom money is paid. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Use "payee" in a sentence
  • "In general, if the payee is a foreign bank or other financial institution registered with the Ministry of Finance, the interest payments will be subject to withholding tax at the rate of 15% or 4.9% for residents of a tax treaty partner."
  • "A payee is an account that does not send you a bill regularly, such as a mortgage, landlord, or car payment."
  • "Under California law, those payments should stop upon the death of the payee, which is Michael Jackson."