loss payeeglossary / LOSS PAYEE loss payee. Insurance. A person or entity named in an insurance policy (under a loss-payable clause) to be paid if the insured property suffers a loss. [Cases: Insurance 3450. C.J.S. Insurance §§ 1404, 1520.] 词条贡献者 译者圣强,毕业于一所培养高级翻译以及跨文化事务专家的精英大学,擅长翻译各种与房地产交易及建筑纠纷相关的法律文件。