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What is a payor?

What is a payor? Here are some definitions.

Noun
  1. (law, healthcare, medical insurance) One who makes a payment.
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Examples
If the institution decides not to provide overdraft credit to the payor, it will return the cheque.
Both the ceiling and the floor have been set by reference to the annual gross income of the payor.
In one case, a payor said the introduction to the meeting was negative because it started with threats of enforcement and jail.
Thus, the priority rule normally focuses on the particular person that is the payor.
As a result, there is virtually no risk that the payment will be submitted to the ACSS when the payor has insufficient funds in its account.
Selfsufficiency requires an individualized decision, based upon evidence specific to this recipient and this payor.

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