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 a person who receives a payment.

Examples of Payee in a sentence

• All client funds shall be handled by the Purchaser or Protective Payee.

• All the payments to be made through A/c Payee cheque/demand draft /Banker cheque or online payments in favour of M/s.

• 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.

• Payment will be issued through Washington State’s Office of Financial Management’s Statewide Payee Desk.

More Definitions of Payee

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

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 an individual or legal person that is the ultimate recipient of funds of a payment transaction.

Payee is the person or entity to which you wish a bill payment to be directed or is the person or entity from which you receive electronic bills, as the case may be.