payee
Definitions
A person or organization to whom money is paid or is to be paid.
The person named in a negotiable instrument, such as a check or draft, to whom the amount is directed to be paid.
Examples
The bank requires the signature of the payee before releasing the funds.
Please ensure that the name of the payee is spelled correctly on the check.
Once the payment is processed, the payee will receive a notification via email.