payer
/ˈpeɪə
/noun
A person or organization that gives someone money that is due for work done, goods received, or a debt incurred: the industry is one of the biggest payers of corporation tax licence payers...
- Cosmetic services are typically not covered by third-party payers.
- In reality, the indebtedness of the payer of the amount remitted is substituted by a debt incurred by the bank.
- A few late payers can seriously slow down your business.
