payors

/ˈpeɪ.ɔrz/
noun
  1. Multiple people or organizations that make payments.
    • The conference brought together payors from different insurance companies to discuss policy changes.
    • Many payors in the healthcare industry are switching to digital payment systems.
    • The new law requires all payors to report large transactions to the government.
What does "payors" mean? | whatsthatwordmean | whatsthatwordmean