Payee definition
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 natural or legal person who is the intended recipient of funds which have been the subject of a payment transaction;
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
After the Annuitant dies, the Payee receives a specified percentage of each Annuity Payment as long as the joint Annuitant is living.
You are the Payee unless you designate another person or an entity as the Payee.
The Payee receives Annuity Payments as long as the Annuitant is living.
If the Annuitant is not the Owner and dies on or after the Annuity Date, then we will continue paying any remaining Annuity Payments to the Payee designated by the Owner.
The duration of the Annuitant(s) life/lives determines how long payments continue under the following options: The Payee receives Annuity Payments as long as the Annuitant is living.
More Definitions of Payee
Payee means a person who receives a payment.
Payee has the meaning specified in Section 6(f).
Payee means a person who receives a payment;
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 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.
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.