1. a person or organization that makes a payment
Usage: legal; business

Examples

• The insurance company is the payor for medical claims.
• The payor must sign the check before it can be processed.
• Healthcare providers submit bills to the payor for reimbursement.
• The contract identifies the payor and payee clearly.
• Government agencies often serve as payors for public services.
• The payor’s bank account must have sufficient funds.