Word forms: (regular plural) payors
nounWord builderThe suffix -or often appears in words for people who do a particular thing. ( Accounting : Commerce )
is a person who makes a payment
Where tax advice is given in a divorce settlement and one spouse pays the fees for
the attorneys of both spouses, the payor cannot deduct both fees as legal fees.
The float period is the time between when a check is written and when it clears the payor's checking account.
A payor is a person who makes a payment.
Collins English Dictionary. Copyright © HarperCollins Publishers