payer

name

1. A surname.

noun

Etymology: Etymology tree English pay Proto-Indo-European *-yósder. Proto-Italic *-āzijos Latin -āriusnom. Latin -āriusbor. Proto-Germanic *-ārijaz Proto-West Germanic *-ārī Old English -ere Middle English -ere English -er English payer From pay + -er (“subject of action”).

1. One who pays; specifically, the person by whom a bill or note has been, or should be, paid.

   “The company is the largest tax payer in the region.”

   “Health insurance depends on both the payer and the provider.”

2. A swaption which gives its holder the option to enter into a swap in which they pay the fixed leg and receive the floating leg.