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payor

payor

1 7.0
A person or organization that gives money to settle a bill
  • noun
  • /ˈpeɪər/
  • Specialized
translation icon : pagador
  • Consumers, payors, vocational rehabilitation counselors, prescribers, and other persons involved in the purchase of assistive devices would gain insight into which products to purchase.
  • third-party payors
  • party payors

And let me ask you, how many nonprofits is the payor the same person who's the recipient of the service?

Examples

  • And by rare, I mean between 0 and 4% of spousal/child support involves a woman payor.

    Blog text (29)
  • Payors such as insurance companies, large employers with self-insurance, and government.

    Academic text (2003)
  • "If there is a migration from commercial to state insurance exchanges, you may have a real payor shift and a rate shift," says Mr. Hayek.

    Blog text (23)
  • Other concerns include patient commitment, return on investment, risk shifted from payors to providers, and overall uncertainty.

    Blog text (16)
  • If the payor is properly notified, the withholding rate is reduced under the terms of the Treaty.

    Academic text (1990)
  • And let me ask you, how many nonprofits is the payor the same person who's the recipient of the service?

  • It is important to be aware of insurance guidelines for use, as some payors are very specific about the order in which the available treatment options must be tried.

    Academic text (2002)
  • A wide variety of decision makers, including designers, manufacturers, prescribers, payors, and consumers, would benefit from such criteria.

    Academic text (1990)
  • With demands from third-party payors for increased contact time and performance improvement at lower cost and in shorter time, rehabilitation facilities must find innovative means for delivering quality therapeutic treatment without increasing staff or budgets.

    Academic text (1991)
  • The payor is responsible for ensuring that all invoices are settled on time.

Synonyms

payer
vspayor
67 2.1

A person or company that gives money to get goods and services

is broader, covering anyone responsible for making required payments
debtor
vspayor
36 4.1

A person or organization that owes money to someone else

is about the act of paying or being responsible to pay money
obligor
vspayor
  • Formal
1 8.2

A person or company required by a contract to meet a duty

is the general payer idea focusing on actual payment rather than legal duty
remitter
vspayor
  • Specialized
5.7

A person or organization who sends money to someone

is the general term for anyone responsible for making payments
remunerator
vspayor
  • Formal
8.2

A person who pays money to someone for work or loss

is broader and not restricted to compensation payments
disburser
vspayor
  • Specialized
6.5

A person or organization that pays money from a fund for specific purposes

is more general, not limited to paying from a fund
discharger
vspayor
  • Specialized
6.8

A person or group who pays a debt

is the general responsible payer term beyond debt repayment
acceptor
vspayor
  • Specialized
8.7

A person or bank that agrees to pay a bill when it is due

is broader, not tied to formally accepting bills or drafts
debitor
vspayor
  • Archaic
8.8

A person who owes money to another

focuses on making payments rather than merely owing money

Surface Forms

payor singular
payors plural

Morphology

payor = pay (transparent) = pay + or

Clear agentive formation from the verb 'pay' with the agentive suffix '-or', yielding 'a person or organization that pays'; the form and meaning are directly predictable.

Etymology

Payor is made of the simple verb pay and the ending -or, which means 'one who does something', just like in actor. So a payor is simply 'one who pays', the person or organisation responsible for a payment.