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Definition of "payor" [pay•or]

  • The maker of a payment. (noun)

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Use "payor" in a sentence
  • "But then again doesn't everyone have pad costs unless the tax payor is footing the bill??"
  • "So until Obama's administration buys every company doing business in the United States and your paycheck says that the payor is the US Government, then you can call it Socialism which he can't do without the Congress and Senate passing the bill."
  • "Specifically, FPHCI does not include dividends received by a CFC from a payor corporation that satisfies all of the following three requirements: • The payor is a corporation that is a related person to the CFC; • The payor is created or organized under the laws of the same foreign country as the CFC; and• A substantial part of the payor's assets is used in a trade or business located in the payor's country of incorporation (which also is the CFC's country of incorporation)."
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