Meaning of “paymaster” in the English Dictionary

"paymaster" in Business English

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paymasternoun [ C ]

uk /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” from the Cambridge Business English Dictionary © Cambridge University Press)