A good payer pays you quickly or pays you a lot of money. A bad payer takes a long time to pay you, or does not pay you very much. I have always been a good payer and have never gone into debt. someone who pays someone or something
A party responsible for the payment as evidenced by the given instrument Under letters of credit, the payer is the party on whom the draft is drawn, usually the drawee bank
You can refer to someone as a payer if they pay a particular kind of bill or fee. For example, a mortgage payer is someone who pays a mortgage. Lower interest rates pleased millions of mortgage payers. see also ratepayer, taxpayer
Generally regarded as the guarantor of payment Could be an employer, health and welfare fund, insurer, or a broker for the employer or labor organization acting in a purchasing agent capacity, or an individual
Any individual or organizations that pays for health care services-including insurance companies, labor unions, third party administrators, employers, and various government programs such as Medicare and Medicaid
In health care, an entity that assumes the risk of paying for medical treatments This can be an uninsured patient, a self-insured employer, a health plan, or an HMO
A mortgage back securities term which refers to a tranche currently paying both interest and principal
The party or group an individual contracts with to cover healthcare services, unless the patient is paying out-of-pocket This is sometimes referred to as a "third party payer"
An organization, such as insurance company or HMO, that pays or reimburses a provider for health care services rendered by that provider to a patient or health plan member A fiscal intermediary between purchasers and consumers of health care
An agency, insurer or health plan that pays for health care services and is responsible for the costs of those services Payers include the government (e g Medicare), commercial insurance and employers' self-insured plans Back to Top
The person who makes a payment (usually the non-custodial parent or someone acting on his or her behalf)