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Payor vs. Payer: What's the Difference?

Payor and Payer Definitions

Payor

Variant of payer.

Payer

One that pays
A prompt payer of bills.

Payor

One who makes a payment.

Payer

One named responsible for paying a bill or note.

Payor

See Payer.
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Payer

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

Payer

(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.

Payer

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

Payer

A person who pays money for something

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