a/c payee (only) Meaning in the Cambridge English Dictionary
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Meaning of “a/c payee (only)” in the English Dictionary

"a/c payee (only)" in Business English

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a/c payee (only)noun [S]

uk   us   BANKING
written abbreviation for accountpayee (only): in the UK, words written vertically in the ​centre of a cheque (= a ​printedform used for ​payingmoney out of your ​bankaccount). 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 ​payeemeans that the ​cheque cannot be used by someone else.
(Definition of a/c payee (only) from the Cambridge Business English Dictionary © Cambridge University Press)
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