Payer definition is - one that pays; especially : the person by whom a bill or note has been or should be paid. How to use payer in a sentence.
Definition, Synonyms, Translations of payor by The Free Dictionary
payor: Medical practice A company or an agency that purchases health services
payor: n. The one who must make payment on a promissory note.
Transactions with a Payer/Payor and a Payee. T here are multiple transactions where you will find a payer/payor or payee. Assume that Jack operates a garden store and sells a load of mulch to Sally for $200. In this transaction, Jack is the payee and Sally is the payor/payer. Payee and payor/payer transactions aren’t limited to the selling of ...
Payee vs. Payor. When money is transferred, there are two parties involved: the payee and the payor.The payor is the person who pays the money; the payee is the person who receives the money.
Payer definition, a person who pays. See more.
Legal definition of payor: a person who pays; specifically : the person by whom a note or bill has been or should be paid.
payor definition: 1. a person who pays something: 2. a person who pays something: . Learn more.
Payor definition: A payor is a person who makes a payment . | Meaning, pronunciation, translations and examples