Payee only意思

"Payee only" is a term often used in the context of financial transactions, particularly when it comes to checks or electronic payments. It means that the payment or the check is intended for the person or entity named as the payee and no one else. It is a way to specify that the funds are not to be transferred, deposited, or cashed by anyone other than the designated payee.

For example, if a check is made out to "John Doe payee only," it means that John Doe is the only person who is legally allowed to cash or deposit the check. If someone else, such as a friend or family member, tries to cash the check on John Doe's behalf, the bank may refuse to process the transaction unless they have explicit authorization from John Doe.

This term is used to prevent fraud or unauthorized use of checks or payments. It is a way to ensure that the funds are only accessible to the intended recipient.