Payer

Noun

Definitions

1.NounOne 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."

2.NounA swaption which gives its holder the option to enter into a swap in which they pay the fixed leg and receive the floating leg.

The Daily Word NerdA new word, a puzzle, and a fun fact — free in your inbox every morning.

Free forever · unsubscribe anytime · all 14 newsletters

That email did not go through — please check it and try again.