Business terms and jargon explained. Your business dictionary
What is Payer
Is the person that will be giving the money. Usually on a negotiable instrument e.g. in the case of a cheque, the payer is the person who’s gives the cheque. It is from their account that the money will be transferred from.
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.