Another Word For Payee

Meaning

The term "payee" refers to an individual or entity that is designated to receive payment in a financial transaction. This means that when money is sent or due, the payee is the one who will ultimately receive it. In situations like checks, invoices, or contracts, the payee is clearly identified as the recipient of the funds.

Synonyms

• Recipient
• Payee
• Receiver
• Beneficiary

Antonyms

• Payer
• Obligor
• Debtor

Etymology

The word "payee" originates from the combination of the word "pay" with the suffix "-ee." The suffix "-ee" is commonly used in English to denote a person who is the recipient of an action (in this case, payment). The root "pay" comes from the Latin word "paga," which means to settle or pay.

Examples

1. In the contract, the payee was listed as the local charity organization.
2. When writing a check, always make sure to clearly state the payee's name.
3. The invoice should specify the payee to ensure proper processing of the payment.