a/c payee only


a/c payee only
a/c payee (only) UK US noun [S] BANKING
WRITTEN ABBREVIATION for account payee (only): in the UK, words written vertically in the centre of a cheque (= a printed form used for paying money out of your bank account). The words show that the cheque must be paid only into the account of the person to whom it is written: »

Crossing a cheque with a/c payee means that the cheque cannot be used by someone else.


Financial and business terms. 2012.

Look at other dictionaries:

  • payee only — method of writing a check so it may only be cashed or deposited by the person it was written to and cannot be transferred to someone else …   English contemporary dictionary

  • payee only check — check that cannot be transferred to someone else …   English contemporary dictionary

  • payable to payee only — method of writing a check so it may only be cashed or deposited by the person it was written to and cannot be transferred to someone else …   English contemporary dictionary

  • account payee only — words often written on crossed cheques, which direct the bank to pay the cheque only to the bank account of the payee. Glossary of Business Terms * * * account payee (only) UK US noun [S] (WRITTEN ABBREVIATION a/c payee (only)) BANKING ► in the… …   Financial and business terms

  • account payee (only) — ➔ payee …   Financial and business terms

  • c payee (only) — a/​c payee (only) a/​c payee (only) ➔ payee …   Financial and business terms

  • a payee (only) — a/​c payee (only) a/​c payee (only) ➔ payee …   Financial and business terms

  • account payee only — Words printed between two vertical lines in the centre of a UK cheque that, in accordance with the Cheque Act (1992), make the cheque non transferable. This is to avoid cheques being endorsed and paid into an account other than that of the payee …   Accounting dictionary

  • account payee only — Words printed between two vertical lines in the centre of a UK cheque that, in accordance with the Cheque Act (1992), make the cheque non transferable. This is to avoid cheques being endorsed and paid into an account other than that of the payee …   Big dictionary of business and management

  • payee — person to whom money is paid See drawee A person receiving payment through any form of money transfer method. Bloomberg Financial Dictionary * * * payee pay‧ee [peɪˈiː] noun [countable] 1 …   Financial and business terms