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English definition of “paymaster”

paymaster

noun [C]     /ˈpeɪˌmɑːstər/ US   /ˈpeɪˌmæstər/ FINANCE
a person or an organization that pays for something, and has or expects to have some control over it: Germany is the chief paymaster of the EU's 100 billion budget .
a person or an organization that is in charge of paying people the money they have earned : All UN agencies are required to pay their local staff through a government paymaster.
(Definition of paymaster noun from the Cambridge Business English Dictionary © Cambridge University Press)
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