'Payee' definitions:

Definition of 'payee'

(from WordNet)
noun
A person to whom money is paid

Definition of 'Payee'

From: GCIDE
  • Payee \Pay*ee"\, 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 promised or directed to be paid. See {Bill of exchange}, under Bill. [1913 Webster]

Synonyms of 'payee'

From: Moby Thesaurus