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What are payees?

What are payees? Here are some definitions.

Noun
  1. plural of payee
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Under the new regulations, all payees must present some form of photographic ID in order to cash URP cheques.
The same applies to payees in countries with which Canada has a tax treaty that is not yet in effect.
Payers shall submit a separate claim form in respect of each payee and payees shall submit a separate claim form in respect of each payer.
The acceptance giro system also has significant administrative advantages for payees who operate with an automated accounting system.
The list of payees even includes the format in which the payment has to be made.
Disbursements schedules show names of payees, and date and purpose of payments.

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