account payee
1account payee — a crossing or direction on a bill of exchange that the drawee should credit funds only to the bank account of the payee. Under the Bills of Exchange Act 1882 this had no effect upon the ability of the instrument to be negotiated, but the law has… …
2account payee — (only) UK US noun [S] (WRITTEN ABBREVIATION a/c payee (only)) BANKING ► in the UK, words written vertically in the centre of a cheque (= a printed form used for paying money out of your bank account). The words show that the cheque must be paid… …
3account payee (only) — ➔ payee …
4account payee only — words often written on crossed cheques, which direct the bank to pay the cheque only to the bank account of the payee. Glossary of Business Terms * * * account payee (only) UK US noun [S] (WRITTEN ABBREVIATION a/c payee (only)) BANKING ► in the… …
5account payee only — Words printed between two vertical lines in the centre of a UK cheque that, in accordance with the Cheque Act (1992), make the cheque non transferable. This is to avoid cheques being endorsed and paid into an account other than that of the payee …
6account payee only — Words printed between two vertical lines in the centre of a UK cheque that, in accordance with the Cheque Act (1992), make the cheque non transferable. This is to avoid cheques being endorsed and paid into an account other than that of the payee …
7payee — person to whom money is paid See drawee A person receiving payment through any form of money transfer method. Bloomberg Financial Dictionary * * * payee pay‧ee [peɪˈiː] noun [countable] 1 …
8a/c payee — (only) UK US noun [S] BANKING ► WRITTEN ABBREVIATION for account payee (only): in the UK, words written vertically in the centre of a cheque (= a printed form used for paying money out of your bank account). The words show that the cheque must be …
9a/c payee only — a/c payee (only) UK US noun [S] BANKING ► WRITTEN ABBREVIATION for account payee (only): in the UK, words written vertically in the centre of a cheque (= a printed form used for paying money out of your bank account). The words show that the… …
10Loss payee clause — A loss payee clause (or loss payable clause) is a clause in a contract of insurance which provides that in the event of payment being made under the policy in relation to the insured risk, payment will be made to a third party rather than to the… …
