payee in a sentence
n.
📚 Grade Level: Grade 6, Grade 7, Grade 8
Definition
Payee: the person or entity to whom money is to be paid or who receives a payment.
Sample Sentences
- The payee must sign the check before cashing it at the bank.
- In a real estate transaction, the seller typically acts as the payee of the earnest money deposit.
- To ensure timely payment, always confirm the payee's details before issuing a bank transfer.
- In legal terms, the payee is the person or entity entitled to receive the payment as specified in the contract.
- He became the payee of the insurance claim after the accident was declared a total loss.