What is Payor?
Payor The person or entity that issues or makes a payment, typically by check, transfer, or direct debit, according to contractual or banking instructions.
Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
How is “Payor” Used in Practice?
The payor must ensure sufficient funds are available in the account before initiating payment to the payee.
Certification Exam Relevance
Who Needs to Know This Term?
- Financial Analysts
- Bankers
- Traders
Learn “Payor” Free with Termify
Master Payor and 4,071+ professional terms with native pronunciation, IPA transcriptions and career quizzes. 100% free, forever.
Download Free for iOSFrequently Asked Questions
What is Payor?
The person or entity that issues or makes a payment, typically by check, transfer, or direct debit, according to contractual or banking instructions.
Where can I learn this term for free?
Termify is a 100% free professional English app that teaches Payor and 4,071+ other industry terms with native pronunciation, IPA transcriptions and career quizzes. Available on iOS in 23 languages. No subscription, no credit card required.
Last updated: