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Definition of payor noun from the Oxford Advanced Learner's Dictionary

payor

noun
 
/ˈpeɪə(r)/
 
/ˈpeɪər/
(specialist)
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  1. a person who pays or who has to pay for something; a payer
    • Benefits of the system for both payor and payee include the elimination of postage and handling costs.
    Topics Moneyc2
    Word OriginMid 16th century. From pay + -or.

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