IPA: /peɪˈi/
KK: /peɪˈi/
A person or organization that receives money that is paid to them.
The payee must sign the check before cashing it.
**Payee** → It is formed from "pay" (from Old French *paier*, meaning to satisfy or to give) and "-ee" (a suffix used to indicate a person who is the recipient of an action). The word "payee" refers to a person who receives payment.
Think of someone who is the recipient of a payment — the '-ee' indicates a person receiving something, and 'pay' means to give money.
No commonly confused words.