payer

Meaning

1. One who pays; specifically, the person by whom a bill or note has been, or should be, paid.
2. A swaption which gives its holder the option to enter into a swap in which they pay the fixed leg and receive the floating leg.

Synonyms

remunerator

paymaster

payor

drawee

giver

purser

treasurer

contributor

pay master

disburser

donor

Pronounced as (IPA)

/ˈpeɪ.ɚ/

Etymology

From pay + -er (“subject of action”).