Payee (noun)

A person or organization to whom money is paid.

Origin:

Late 17th century, from french payer, from old french paier, from latin pacare 'to pacify, to pay'.

Examples:

1. The payee of the check was the local charity organization.
2. The payee of the money was my father.
3. The payee of the loan was the bank.
4. The payee of the invoice was the customer.
5. The payee of the rent was the landlord.