payer

/ˈpeɪər/ noun [C]

Definition

› 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)