What is PAYER, or PAYOR?

One who pays, or who is to make a payment; particularly the person who is to make payment of a bill or note. Correlative to “payee.”

More On This Topic

Link to This Definition
Did you find this definition of PAYER, or PAYOR helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary