account payee (only) - definition in the Business English Dictionary - Cambridge Dictionaries Online

Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “account payee (only)”

account payee (only)

noun [S]
 
 
( written abbreviation a/c payee (only)) BANKING
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.
(Definition of account payee (only) from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of account payee (only)?
Add Cambridge dictionaries to your browser to your website

Word of the Day

cost/charge the earth

to cost, charge, etc. a lot of money

Word of the Day

The language of elections

by Liz Walter,
April 22, 2015
On May 7th, citizens of the UK will be going to the polls (having an election) to decide who will form the next government. This kind of election is known as a general election. The country is divided into 650 areas, called constituencies. Each constituency elects a member of parliament (MP) to

Read More 

dumbwalking noun

April 20, 2015
walking slowly, without paying attention to the world around you because you are consulting a smartphone He told me dumbwalking probably wouldn’t be a long-term problem.

Read More