payee

noun | \ ˌpā-ˈē \ | pay·ee
  1. : a person to whom money is to be or has been paid; specifically : the person named in a bill of exchange, note, or check as the one to whom the amount is directed to be paid — compare drawee, drawer : the person named in a bill of exchange, note, or check as the one to whom the amount is directed to be paid — compare drawee, drawer