Definition of Fictitious payee
Negotiable instrument is drawn to fictitious payee whenever payee named in it has no right to it, and its maker does not intend that such payee shall take anything by it; whether name of payee used by maker is that of person living or dead or one who never existed is immaterial. Goodyear Tire & Rubber Co. of California v. Wells Fargo Bank & Union Trust Co., 1 Cal.App.2d 694, 37 P.2d 483. The test is not whether the named payee is "fictitious” but whether the signer intends that he shall have no interest in the instrument. U.C.C. § -3-405.
That's the definition of Fictitious payee in Black's Law Dictionary 6th Edition. Courtesy of Cekhukum.com.
