payer

A person or organization that pays money owed to someone.

• The company is a reliable payer.
• Late payers may face extra charges.
• Who is the main payer of these bills?

How to use it: payer of something (She is the payer of the annual fee.)

Common phrases: tax payer, late payer

A financial option allowing its owner to pay fixed interest and receive changing interest in an exchange agreement.

• The trader bought a payer.
• These payers protect against rising interest rates.
• The fund sold a payer with a five-year term.

Similar words: payer swaption

Common phrases: buy a payer, payer swaption