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payment
(redirected from payee)

   Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia 0.01 sec.
payment [pa´ment]
remuneration in exchange for goods or services.
prospective payment payment to a health care facility at a predetermined rate for treatment regardless of the cost of care for a specific individual patient.
third party payment payment of hospital or other health care bills by a source other than the patient; the most common sources are private or governmental insurance. Called also third party reimbursement.

payment,
n the performance of a duty or promise; the discharge of a debt or liability by the delivery of money or something else of value.
payment, progress,
n the interim payments by the purchaser of a dental plan contract to the carrier for use as an operating fund. A final accounting is always completed when actual costs are paid.

payment
Vox populi A wad of cash given for a service rendered or product received. See Bonus payment, Bundled payment, Pass-through payment, Prospective payment.


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The payee receives a mail notification via their DOCOMO mobile phone and is given the option of depositing the money in a domestic bank account or having the amount credited to their monthly DOCOMO phone bill.
In a payment card transaction, the payee may also be referred to as the merchant or seller.
Payers may presume a payee is domestic if the payee provides a U.
 
 
 
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