payer in a sentence
n.
📚 Grade Level: Grade 6, Grade 7, Grade 8
Definition
PAYER: A person or entity that makes a payment or is responsible for settling financial obligations.
Sample Sentences
- The payer is responsible for ensuring that all invoices are settled on time.
- As a frequent traveler, she often finds herself as the primary payer for group expenses.
- The contract clearly outlines the obligations of the payer in case of a default.
- A reliable payer can significantly improve a company's cash flow and creditworthiness.
- In many insurance policies, the payer is not always the policyholder but may be a third party.