Payee of Note definition – What is Principle of a Note?

Accounting Glossary 

Payee of note definition including break down of areas in the definition. Analyzing the definition of key term often provides more insight about concepts. Payee of note can be defined as: Entity to whom a note is made payable. When thinking about notes we need to understand which side of the transaction we are on, the payee of the not being the entity the note is payable to.