/ˈpeɪ.ɚ/
OriginFrom pay + -er (“subject of action”).
- 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.”
- 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.
Formspayers(plural) · payor(alternative) · Payers(plural)
Source: Wiktionary