Collins dictionary of law. W. J. Stewart. 2001.
account payee — (only) UK US noun [S] (WRITTEN ABBREVIATION a/c payee (only)) BANKING ► in the UK, words written vertically in the centre of a cheque (= a printed form used for paying money out of your bank account). The words show that the cheque must be paid… … Financial and business terms
account payee (only) — ➔ payee … Financial and business terms
account payee only — words often written on crossed cheques, which direct the bank to pay the cheque only to the bank account of the payee. Glossary of Business Terms * * * account payee (only) UK US noun [S] (WRITTEN ABBREVIATION a/c payee (only)) BANKING ► in the… … Financial and business terms
account payee only — Words printed between two vertical lines in the centre of a UK cheque that, in accordance with the Cheque Act (1992), make the cheque non transferable. This is to avoid cheques being endorsed and paid into an account other than that of the payee … Accounting dictionary
account payee only — Words printed between two vertical lines in the centre of a UK cheque that, in accordance with the Cheque Act (1992), make the cheque non transferable. This is to avoid cheques being endorsed and paid into an account other than that of the payee … Big dictionary of business and management
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
a/c payee — (only) UK US noun [S] BANKING ► WRITTEN ABBREVIATION for account payee (only): in the UK, words written vertically in the centre of a cheque (= a printed form used for paying money out of your bank account). The words show that the cheque must be … Financial and business terms
a/c payee only — a/c payee (only) UK US noun [S] BANKING ► WRITTEN ABBREVIATION for account payee (only): in the UK, words written vertically in the centre of a cheque (= a printed form used for paying money out of your bank account). The words show that the… … Financial and business terms
Loss payee clause — A loss payee clause (or loss payable clause) is a clause in a contract of insurance which provides that in the event of payment being made under the policy in relation to the insured risk, payment will be made to a third party rather than to the… … Wikipedia
payment on account — 1) A payment made for goods or services before the goods or services are finally billed. See also deposit 2) A payment towards meeting a liability that is not the full amount of the liability. The sum paid will be credited to the account of the… … Big dictionary of business and management
