Payee
/peɪˈiː/noun
A person or entity that receives payment.
Did you know?The concept of a 'payee' ties back to medieval finance, where debts were often tied to one's fate—a reminder of how money can control destinies.
Etymological Timeline
Latin
Latin
pāgāre
“To settle or to pay.”
Old French
Old French
paier
“To pay, to satisfy a debt.”
Middle English
Middle English
paien
“To pay or to give in exchange.”
Modern English
English
payee
“A term for the recipient of a payment, formalized in financial contexts.”