Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “a/c payee (only)”

a/c payee (only)

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.
(Definition of a/c payee (only) from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of a/c payee (only)?
Add Cambridge dictionaries to your browser to your website

More Business English definitions for “a/c payee (only)”

Word of the Day

dawn on sb

If a fact dawns on you, you understand it after a period of not understanding it.

Word of the Day

The language of work

by Kate Woodford,
October 15, 2014
Most of us talk about our jobs. We tell our family and friends interesting or funny things that have happened in the workplace (=room where we do our job), we describe – and sometimes complain about – our bosses and colleagues and when we meet someone for the first time, we tell

Read More 

life tracking noun

October 20, 2014
the use of one or more devices or apps to monitor health, exercise, how time is spent, etc.

Read More