Legal Definitions - payee

A payee is a person or company who receives a payment. This can be in the form of a check, promissory note, or bill of exchange.

For example, when you write a check, the person or company you make the check out to is the payee. If you're paying your electricity bill, the utility company is the payee.

Another example could be if you borrow money from a friend and promise to pay them back. In this case, your friend is the payee because they are the one receiving the payment.

Overall, a payee is simply the person or company who is getting paid.