Payable to Order Law and Legal Definition

Payable to order means to be paid only to a specific payee. It is a statement on a negotiable instrument indicating that the payee is able to endorse it to a third party.

A promise or order that is not payable to bearer is payable to order when the promise or order is payable:

to the order of an identified person; or

to an identified person or order.

A promise or order that is payable to order is payable to the identified person.