Question

Person named in the instrument to whom money is directed to bepaid

Answer 1

Answer:

The maker of a cheque is called the 'drawer', and the person directed to pay is the 'drawee'. The person named in the instrument, to whom or to whose order the money is, by the instrument directed, to be paid, is called the 'payee'

Answer 2

Answer:

payee

Explanation:

The person named in the instrument, to whom or to whose order the money is, by the instrument directed, to be paid, is called the 'payee'. ... A cheque has to be presented for payment by the payee or holder to the acceptor, maker or drawer.