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English definition of “payer”

payer

noun [C]     /ˈpeɪər/
FINANCE a person or an organization that pays or has to pay something: licence/mortgage/tax payer All 26 million basic-rate income tax payers will benefit next year from a 1% cut in the tax rate . → Compare payee
a good/bad/late payer used to say if a person or organization usually pays their invoices , debts , etc., and if they pay them on time or late: Some service providers will consider applications even if you are listed as a bad payer.
(Definition of payer noun from the Cambridge Business English Dictionary © Cambridge University Press)
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