Payer - Meaning, Definition & English Examples
A payer is a person or entity that makes a payment, such as an individual paying bills or a company compensating employees. The term is commonly used in financial and business contexts.
Definition:
A person or entity that makes a payment, especially for goods or services.
Synonyms:
paymaster, remitter, contributor
Part of Speech:
noun
Antonyms:
payee, recipient
Common Collocations:
tax payer, premium payer, bill payer
Derivatives:
payers, paying
Usage Tips:
Use "payer" to refer to someone who fulfills a financial obligation in transactions or contracts.
Common Phrases:
deep pocket payer, slow payer, prompt payer
Etymology:
Derived from Old French "paier," meaning "to pay," from Latin "pacare," meaning "to pacify or settle."
Examples:
- 1. She is the primary payer for the family's expenses.
- 2. The insurance company is the main payer for his medical bills.
- 3. Always confirm the payer’s details before processing the transaction.
- 4. The slow payer delayed the project’s completion by weeks.