Payer Meaning: Definition, Examples, and Translations

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payer

[ˈpeɪər ]

Definitions

^{Context #1 | Noun}

finance

A person or organization that pays or is responsible for paying money to another person or organization.

Synonyms

disburser, payor, remitter.

Which Synonym Should You Choose?

Word	Description / Examples
payer	Commonly used in financial and legal contexts to refer to the person or entity that makes a payment. The payer has 30 days to settle the invoice. Always confirm the identity of the payer to prevent fraud.
payor	Primarily used in legal and medical contexts, often to identify the party responsible for paying fees or claims, similar to 'payer'. The insurance company acts as the payor of medical claims. Ensure that the payor's information is correctly recorded in the contract.
remitter	Refers to the individual or entity that sends a payment or remittance, often in the context of international transfers or formal financial transactions. The remitter must ensure that all required information accompanies the transfer. Banks often charge a fee to the remitter for international wire transfers.
disburser	Refers to someone or something that pays out money, often in a formal or institutional setting, like a government or company. The government acts as the disburser of unemployment benefits. The company's financial officer is responsible for being the disburser of funds.

Examples of usage

The payer must ensure that the payment is made on time.
As the payer, you are entitled to request a receipt for your payment.

^{Context #2 | Noun}

healthcare

The individual or entity that pays for healthcare services on behalf of the insured individual.

Synonyms

benefactor, funder, sponsor.

Which Synonym Should You Choose?

Word	Description / Examples
payer	Refers to a person or organization that pays for a service or product. Commonly used in financial transactions or billing contexts. The payer needs to settle the invoice by the end of the month. Medicare serves as a primary payer for many senior citizens.
funder	Refers to an individual or organization that provides financial support for projects, organizations, or initiatives. Commonly used in the context of grants, research, or startups. The project moved forward after they secured a funder. Universities often rely on government agencies as their primary funders.
benefactor	Describes someone who gives money or support to a person, organization, or cause, often in a charitable context. This term has a positive connotation. The new library was made possible thanks to a generous benefactor. She became a benefactor for the orphanage after witnessing their needs.
sponsor	Describes a person or organization that supports an activity or event financially, often in exchange for advertising or promotion. Frequently used in marketing, sports, and entertainment contexts. The marathon was a great success, thanks to our corporate sponsors. Every major sports event has multiple sponsors.

Examples of usage

The insurance company acts as the payer for most medical services.
The employer may also serve as the primary payer for employee healthcare benefits.

Translations

To see the translation, please select a language from the options available.

Origin of 'payer'

The word 'payer' originated from the Old French word 'paier', which means 'to pay'. It entered the English language in the 14th century. Over time, 'payer' has evolved to represent someone who is responsible for making payments to others, whether in finance or healthcare contexts.

Word Frequency Rank

With rank #17,114, this word belongs to specialized vocabulary. While not common in everyday speech, it enriches your ability to express complex ideas.

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17111 bustling
17112 alright
17113 unchecked
17114 payer
17115 orient
17116 disintegrated
17117 glamour
...