Payor

{
  "id": "MLC-T-LAW-003678",
  "term": "Payor",
  "field": "Law",
  "definition": "An individual, company, or other entity that makes a payment to another, known as the payee. In a legal or financial context, the payor is the party with the obligation to provide funds, whether for a debt, a service, a court-ordered judgment, or a contractual agreement. For example, in an insurance claim, the insurance company is the payor, and the policyholder is the payee.",
  "url": "https://mlchart.com/terminology/law/payor/"
}