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Definitions from the Web

Payee of a Cheque

Description:

A payee refers to the individual or organization that receives and is entitled to the payment mentioned on a cheque. In other words, the payee is the person to whom the cheque is made payable.

Sample Sentences:

• The payee of the cheque was John Smith, as mentioned on the document.
• Make sure to correctly enter the information of the payee when filling out a cheque.
• The bank verified the payee's identity before cashing the cheque.
• As a business owner, it is essential to keep track of the payees of your cheques for accounting purposes.

Related Products:

Here are some books related to cheques and financial management available on Amazon:

• Cheque Book
• Financial Management
• Business Accounting