payer

noun — 2 senses

payer

noun

US /ˈpeɪ.ɚ/

Etymology From pay + -er (“subject of action”).

1

One who pays; specifically, the person by whom a bill or note has been, or should be, paid.

  • The company is the largest tax payer in the region.
  • Health insurance depends on both the payer and the provider.
2

Business, Finance A swaption which gives its holder the option to enter into a swap in which they pay the fixed leg and receive the floating leg.

Antonyms
payee
Derived terms
billpayer, copayer, farepayer, feepayer, multipayer, nonpayer, prepayer, ratepayer, single-payer, taxpayer, tithepayer, tithe-payer

Entry derived from the Wiktionary, under licence CC BY-SA 4.0 — list of authors.