Usually means: Entity responsible for making payment.
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We found 21 dictionaries that define the word payor:

General (12 matching dictionaries)
  1. payor: Longman Dictionary of Contemporary English
  2. payor: Merriam-Webster
  3. Payor, payor: Wordnik
  4. payor: Wiktionary
  5. payor: Dictionary.com
  6. Payor: Wikipedia, the Free Encyclopedia
  7. Payor: Online Plain Text English Dictionary
  8. payor: Webster's Revised Unabridged, 1913 Edition
  9. Payor: Rhymezone
  10. Payor: AllWords.com Multi-Lingual Dictionary
  11. payor: FreeDictionary.org
  12. Payor: TheFreeDictionary.com

Business (8 matching dictionaries)
  1. payor: Merriam-Webster Legal Dictionary
  2. payor: Webster's New World Law Dictionary
  3. Duhaime's Canadian law dictionary (No longer online)
  4. payor: Law.com Dictionary
  5. Everybody's Legal Dictionary (No longer online)
  6. Glossary of Legal Terms (No longer online)
  7. payor: Legal dictionary
  8. Payor: Financial dictionary

Medicine (1 matching dictionary)
  1. payor: Medical dictionary

Definitions from Wiktionary (payor)

noun:  (law, healthcare, medical insurance) One who makes a payment.

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