What Does Payee Mean?

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What does Payee mean? Read on to discover the definition & meaning of the term Payee - to help you better understand the language used in insurance policies.

Payee

Payee

A payee is a party to whom money is paid. In the context of insurance, insurance companies and policyholders can each act as payees to the other.

We hope the you have a better understanding of the meaning of Payee.

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