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    3. give the meaning of payee and payor
    give the meaning of payee and payor

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    0  Views: 1147 Answers: 2 Posted: 13 years ago
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      2 Answers

      Payor: The one that pays.
      Payee: The one that receives payment.
      13 years ago. Rating: 0
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        payee is the person to whom you have to pay money. if you have to pay money to others if you issue cheque then banker become payor who should follow your instruction and honour the instrument
        13 years ago. Rating: 0
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