Payee vs. Payor — What's the Difference?
Difference Between Payee and Payor
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Definitions
Payee
One to whom money is paid.
Payor
Payer.
Payee
One to whom money is paid.
Payor
Variant of payer.
Payee
The person to whom money is to be, or has been, paid; the person named in a bill or note, to whom, or to whose order, the amount is promised or directed to be paid. See Bill of exchange, under Bill.
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Payor
One who makes a payment.
Payee
A person to whom money is paid
Payor
See Payer.
