Meaning & use
payor
Last updated
A person or organization that pays or is responsible for paying, especially in legal, medical, or insurance contexts.
See it in a sentence
The insurance company acted as the primary payor for the patient's hospital bill.
The contract specifies the payor's obligations in case of default.
A note on using this word
'Payor' is a specialized spelling variant of 'payer,' used mainly in legal, financial, and healthcare documents; everyday writing usually prefers 'payer.'
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