payor Definition
a person or organization that pays a bill or debt.
Using payor: Examples
Take a moment to familiarize yourself with how "payor" can be used in various situations through the following examples!
Example
The insurance company is the payor of the medical bills.
Example
The payor must ensure that the payment is made on time.
Example
The payor is responsible for any late fees or penalties.
payor Synonyms and Antonyms
Synonyms for payor
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Summary: payor in Brief
'Payor' [pey-er] refers to a person or organization that pays a bill or debt. It is often used in financial contexts, such as insurance claims or loan repayments. Examples include 'The insurance company is the payor of the medical bills' and 'The payor must ensure that the payment is made on time.'
