payee


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pay·ee

(pā-ē')
The person receiving a payment or financial reimbursement either in written form or electronically through funds transfer.
References in periodicals archive ?
What will then be the recourse of the payee of a stale check?
The PSR is proposing to give its specific direction about confirmation of payee to the payment service providers in these banking groups - Bank of Scotland, Barclays Bank UK, Barclays Bank, Cater Allen Limited, Coutts and Company, HSBC Bank, HSBC UK Bank, Lloyds Bank, Nationwide Building Society, NatWest, Royal Bank of Scotland, Santander UK and Ulster Bank.
Under the enhancement made in three projects in partnership with Central Bank, the process also includes a compilation of remitter and payee information in payment file.
As a representative payee, you must know what the beneficiary's needs are so you can decide the best use of benefits for their care and well-being.
A payee will still be able to commence a "smash and grab" adjudication to obtain a quick (and relatively cheap) decision which the payer will have to comply with until the conclusion of any "true value" dispute, which will not always be capable of being commenced immediately, particularly where the account is complex.
* Before any funds are released to the alternate payee, the plan administrator must have approved the court-ordered QDRO.
With Tokenized Payments, clients can choose from multiple input channels to instruct BNY Mellon to make a payment that includes the payee's email address or mobile number and payment details without needing to collect, store, and maintain payee banking account information.
Essentially, the current (2017 and prior) rules allow divorced couples to shift taxable income from the payor to the payee. As a rule, alimony is a series of payments from the ex-spouse with higher income to the ex-spouse with lower income, and being able to shift the income to payee's (presumably lower) tax bracket allows ex-spouses to lower the overall tax liability arising from the income being paid as alimony.
Question arises when it takes unreasonably long time to give the judgement and to get the payee's money.
Form 1042-S is filed with the IRS, but also provided to each payee, and reports the income and amount of withholding specific to that payee.
Dooc earlier clarified that for the death benefit with multiple payees, they will receive the P1,000 additional benefit divided equally among them.
Stone, the acting inspector general for the SSA, told members of the House Ways & Means Social Security and oversight subcommittees that the SSA conducted just 2,590 face-to-face payee interviews during the 12-month period that ended Sept.