Payee definition

Payee means a natural or legal person who is the intended recipient of funds which have been the subject of a payment transaction;

Payee means individual who resides in this state or a corporation, trust, partnership, association, or other private legal entity authorized to do business in this state that receives money as payment under an agreement.

Payee means an individual who is receiving tax-free payments under a structured settlement and proposes to make a transfer of payment rights.

Examples of Payee in a sentence

• Subject to the terms of the Agreement and the Promoter abiding by the construction milestones, the Allottee shall make all payments, on demand by the Promoter, within the stipulated time as mentioned in the Payment Plan through A/c Payee Cheque / Demand Draft or Online Payment (as applicable) in favour of ' ' payable at .

• Contractor represents and warrants that Contractor is registered with Washington’s Statewide Payee Desk, which registration is a condition to payment.

• Contractor represents and warrants that it is registered with the Statewide Payee Desk, which registration is a condition to payment.

• UC and, if so requested, UC’s officers, employees, agents, and sub- suppliers will be named as "Loss Payee, as Their Interest May Appear” in such Fidelity Bond.

• No payment shall be made until the Statewide Payee Registration is complete.

More Definitions of Payee

Payee means a person who receives a payment.

Payee has the meaning specified in Section 6(f).

Payee shall have the meaning assigned in Section 8.5(a).

Payee shall have the meaning set forth in Section 3.10 hereof.

Payee means, with respect to the related EPA Rights, SAP or, if an assignment of the EPA Rights has occurred, the respective Assignee; and

Payee means any individual, financial institution, educational institution, company, merchant or other entity you wish to pay using Online Banking Services.

Payee means an individual who receives tax free payments under a structured settlement and who proposes to make a transfer of payment rights under the structured settlement.