With high levels of check fraud rampant across the U.S., businesses that issue checks to suppliers and other payees need to track their payments. Companies can find themselves facing large debts if a ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

A loss payee is the person or institution that receives the insurance payment from a loss. The loss payee is a legal definition used to cover the investment of other parties when you lose property.

This states that a cheque can only be paid into the account of the person name on the cheque, the payee. This effectively means that the payee cannot sign the cheque over to another person.

This states that a cheque can only be paid into the account of the person name on the cheque, the payee. This effectively means that the payee cannot sign the cheque over to another person.