What is the difference between 'payor' and 'payer?'?


"Payer" and "payor" are interchangeable spellings of the word used to describe a person or organization who gives money for some kind of goods or services. Essentially, both "payer" and "payor" mean "one who pays."

According to the Merriam Webster Online Dictionary, a payer is "a person, organization, etc., that pays or is responsible for paying something." It lists payor as a non-preferred spelling variant of the word payer. The "-or" ending is sometimes used in medical and insurance documents such as when defining or describing third-party payors and responsibilities. In legal documents payor is used to describe a person required by law to make specific payments such as child support.

Q&A Related to "What is the difference between 'payor' and '..."
The preferred spelling is "payer." This version is most widely used and accepted by the pharmaceutical/biotech industry. The correct spelling, however, is "payor"
The country the person who wrote it is from. The payer is the one is pays money. The payee is the one being paid.
Essentially they both refer to the person who is paying for something (i.e. If you bought a soda, you are considered the payor from the stores perspective) Even though payor is the
KGSupport says: It is always handy to have a dictionary available close by. There are also a good number of free online dictionaries. “Payer” and “Payor” are
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The terms payer and payor both refer to someone who is paying for something. The difference is a payer is someone who pays. A payor is when payment is made for ...
In English, the word payor means a transfer of wealth from one transfer. It is very similar to the word payer. However, with the word 'payor' the payment is usually ...
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