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payor

 

Definitions from the Web

Term: Payor

Noun

Sense 1:

A person or organization that pays another party.

Sample Sentence:

The insurance company is the payor of the medical bills.

Related Products: Insurance

Sense 2:

In healthcare, the party responsible for making the payment.

Sample Sentence:

The patient is the primary payor for medical services.

Related Products: Health Insurance

Sense 3:

In legal agreements, the party obligated to make a payment.

Sample Sentence:

The tenant is the payor of monthly rent.

Related Products: Lease Agreement

Adjective

Describing something that pertains to or is related to paying.

Sample Sentence:

The payor account was debited for the transaction.

Related Products: Payment System

Verb

To act as the party making a payment.

Sample Sentence:

I will payor the bill for our dinner tonight.

Related Products: Online Payment

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