Recipient of money (5)
I believe the answer is:
payee
'recipient of money' is the definition.
(I've seen this before)
This is all the clue.
(Other definitions for payee that I've seen before include "I'll get ready" , "Person to whom money is made out" , "The one to whom cheque is made out" , ".The one who gets the cheque" , "Recipient of money" .)