The word “payee” is a noun that refers to the person who receives payment. It is often used in formal writing, particularly in invoices and receipts.

Here are some examples of how the word “payee” can be used:

• The customer is the payee in this transaction.
• The government is the payee for Social Security benefits.
• The landlord is the payee for rent.

The word “payee” can also be used in the plural form, as in the following example:

• The shareholders are the payees.