payee

from WordNet (r) 3.0 (2006)

payee
    n 1: a person to whom money is paid

from The Collaborative International Dictionary of English v.0.48

Payee \Pay*ee"\, n.
   The person to whom money is to be, or has been, paid; the
   person named in a bill or note, to whom, or to whose order,
   the amount is promised or directed to be paid. See {Bill of
   exchange}, under {Bill}.
   [1913 Webster]

from Bouvier's Law Dictionary, Revised 6th Ed (1856)

PAYEE. The person in whose favor a bill of exchange is made payable. Vide 
Bills of Exchange.

from Moby Thesaurus II by Grady Ward, 1.0

20 Moby Thesaurus words for "payee":
      accepter, acquirer, addressee, audience, auditor, beholder,
      consignee, getter, hearer, holder, listener, looker, obtainer,
      procurer, receiver, recipient, spectator, taker, trustee, viewer

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