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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.

payer

/ˈpeɪər/ /ˈpeɪə/

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.

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