D defs.my
Entry 1 sense Webster, 1913

Payee

/pāˌ-ē'/ · Pay·ee · IPA /pˌeɪˈiː/
01 n. 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 promise…
  1. 1.
    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. See: Bill