1. plural of payor; people or organizations that make payments, especially in legal, business, or insurance contexts
Usage: legal; business; insurance

Examples

• The insurance company maintains a database of all payors and their payment histories.
• Healthcare providers must verify coverage with multiple payors before treatment.
• The contract specified that all payors must submit documentation within 30 days.
• Government agencies are often the largest payors in healthcare systems.
• The accounting department tracks payments from various payors throughout the month.
• Legal disputes arose between the payors and the service providers over billing discrepancies.