Webalternate payee (8) Alternate payee defined The term “alternate payee” means any spouse, former spouse, child or other dependent of a participant who is recognized by a domestic relations order as having a right to receive all, or a portion of, the benefits payable under a plan with respect to such participant. Source. 26 USC § 414(p)(8) Webpayee Bedeutung, Definition payee: 1. a person who money is paid to or should be paid to 2. a person who money is paid to or should be….
Payer vs. Payee: See the Difference Dictionary.com
WebFeb 21, 2024 · A payee is a person who is to receive money. On the check, write the name of the payee and then sign your name. Where a check is cleared through a bank, the … Webpayer. [ pey-er ] show ipa. noun. a person who pays. the person named in a bill or note who has to pay the holder. tcc tunja boyaca
Definition: alternate payee from 26 USC § 414(p)(8) LII / Legal ...
WebA payee is a person receiving money from another party (the payer) during a financial transaction. A payee is an individual or organisation providing goods or services in exchange for money. They can also provide money now in exchange for more money later, in the case of a loan such as a mortgage. A payee can be the recipient of payment in a ... Webpayee meaning: 1. a person who money is paid to or should be paid to 2. a person who money is paid to or should be…. Learn more. WebOct 30, 2024 · Bank Draft: A bank draft is a payment on behalf of a payer that is guaranteed by the issuing bank. A draft ensures the payee a secure form of payment. During a payer’s reconciliation of his bank ... bateria moto yuasa ytz10s gel