Nota: A tradução desta entrada está atualmente em revisão de qualidade, portanto parte do conteúdo é exibida temporariamente apenas em inglês.
Este verbete ainda não foi traduzido para o seu idioma, portanto o original é exibido abaixo.
payor
This term is primarily used in legal, insurance, and financial documentation to designate the party responsible for the disbursement of funds. It carries a formal, clinical tone and is rarely used in casual conversation, where words like payer or sender are more common.
In a contractual sense, the payor is the entity burdened with the obligation of payment. This distinguishes the role from the payee, who is the recipient of the funds, creating a clear binary of responsibility within a financial transaction.
Meanings
Examples
The insurance company acts as the primary payor for all medical expenses.
Please specify the name of the payor on the remittance advice.
The contract clearly defines the obligations of the payor.
I wonder if the payor has already authorized the transfer.
The payor must submit the funds by the end of the business day.
Under this agreement, the payor is responsible for all late fees.
The system failed to identify the payor of the electronic transfer.