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    give the meaning of payee and payor

    0  Views: 1090 Answers: 2 Posted: 10 years ago

    2 Answers

    Payor: The one that pays.
    Payee: The one that receives payment.
    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


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