Payor definition

Payor means a trustee, insurer, business entity, employer, government, governmental subdivision or agency, or other person authorized or obligated by law or a governing instrument to make payments.
Payor shall have the meaning assigned in Section 8.5(a).
Payor has the meaning set forth in Section 4.3(a) of this Agreement.

Examples of Payor in a sentence

  • If Payor terminates the Undertaking, or if NYSE determines to terminate the Undertaking, whether because Payor failed to comply with the Undertaking to NYSE's satisfaction or for any other reason, NYSE shall so notify Customer.


More Definitions of Payor

Payor shall have the meaning assigned to such term in Section 4.06.
Payor has the meaning set forth in Section 6.2.
Payor shall have the meaning set forth in Section 5.04(a) of this Agreement.
Payor means any person or entity paying monies, income or earnings to an obligor. In the case of a self-employed person, the "payor" and "obligor" may be the same person;
Payor has the meaning specified in Section 10.12.
Payor has the meaning set forth in Section 4.3(a).