Definify.com
Webster 1913 Edition
Payee
Pay-ee′
,Noun.
The person to whom money is to be, or has been, paid; the person named in a bill or note, to whom, or to whose order, the amount is promised or directed to be paid. See
Bill of exchange
, under Bill
. Webster 1828 Edition
Payee
PAYEE'
,Noun.