payl (pa)

[ A man may serven bet and more to pay In half a yer, althow it were no more, Than sum man doth that hath servyd ful yore. whom money is paid or is to be paid; specifically, in law, the party in whose favor the promise or direction to pay negotiable paper is expre ed. A bill of exchange is an order by one person, called the drawer, to another, termed the drawee, living in a different place, directing him to pay a certain sum of money to a third person, denominated the payee. Harper's Mag., LXXX. 470.