Panic! at the Disco. The name Panic! at the Disco was taken from the song Panic by Name Taken. The line panic at the disco, sat back and took it so slow.. inspired the band to take the first half and add some strategically placed punctuation.
A payee is the party in an exchange who receives payment. A payee is paid in cash, check or other transfer medium by a payer, with the payer receiving goods or services in return. The name of the payee is included in the bill of exchange, and it usually refers to a natural person or an entity such as a business, trust or custodian.
A loss payee is the person or institution that receives the insurance payment from a loss. The loss payee is a legal definition used to cover the investment of other parties when you lose property. For example, the bank that holds the title for your vehicle is the loss payee on your car insurance. Should you get in an accident, the insurance company pays the settlement to the bank as your loss payee.