The individual or company who must make payment on a bill of exchange or promissory note.

Business law dictionary. 2015.

Look at other dictionaries:

  • payor — pay·or / pā ər, ˌȯr; pā ȯr/ also pay·er / pā ər/ n: a person who pays; specif: the person by whom a note or bill has been or should be paid Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • Payor — Pay*or , n. (Law) See {Payer}. [R.] [1913 Webster] …   The Collaborative International Dictionary of English

  • payor — (n.) agent noun in Latin form from PAY (Cf. pay) (v.) …   Etymology dictionary

  • payor — payer, or payor One who pays, or who is to make a payment; particularly the person who is to make payment of a check, bill or note. Correlative to payee. + payor The person by whom a bill or note has been or should have been paid …   Black's law dictionary

  • payor — See drawor * * * payor pay‧or [ˈpeɪə ǁ ər] noun [countable] FINANCE another spelling of payer …   Financial and business terms

  • payor — variant of payer * * * variant spelling of ↑payer * * * payor occas. var. payer …   Useful english dictionary

  • payor — noun see payer …   New Collegiate Dictionary

  • payor — noun The maker of a payment …   Wiktionary

  • payor — n. one who pays …   English contemporary dictionary

  • payor — Same as payer …   Ballentine's law dictionary

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