Crossing a cheque with a/c payee means that the cheque cannot be used by someone else.
Financial and business terms. 2012.
payee — pay·ee /ˌpā ē/ n: a person to whom money is to be or has been paid; specif: the person named in a bill of exchange, note, or check as the one to whom the amount is directed to be paid compare drawee, drawer Merriam Webster’s Dictionary of Law.… … Law dictionary
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] … The Collaborative International Dictionary of English
payee — (n.) 1758, from PAY (Cf. pay) (v.) + EE (Cf. ee) … Etymology dictionary
payee — ► NOUN ▪ a person to whom money is paid or to be paid … English terms dictionary
payee — [pā ē′] n. the person to whom a payment is made or owed … English World dictionary
payee — 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 … Financial and business terms
Payee — The party in an exchange who receives payment. A payee is paid in cash, check or other transfer medium by a payer, with the payer receiving a good or service in return. The name of the payee is included in the bill of exchange. In the case of a… … Investment dictionary
Payee Lake — Infobox lake lake name = Siri Lake image lake = Payee Lake Background View July 8 2007.jpg caption lake = image bathymetry = caption bathymetry = location = Kaghan Valley coords = type = inflow = outflow = catchment = basin countries = Pakistan… … Wikipedia
Payee — An ISO term. The third party beneficiary in a payment transaction. 25x. The Payee in a cheque is the person named therein to whom, or to whose order, payment is directed to be made. STR uses the name entered in Beneficiary party as Payee.… … International financial encyclopaedia
payee — UK [ˌpeɪˈiː] / US [ˌpeɪˈɪ] noun [countable] Word forms payee : singular payee plural payees the person who you pay a cheque or money to … English dictionary
payee — A person to whom a payment is made or who is designated in a bill or note as the person to whom payment is to be made. The Commercial Code purports to settle the long continued conflict over the status of the payee as a holder in due course by… … Ballentine's law dictionary
