Webbpaymaster. noun [ C ] FINANCE uk / ˈpeɪˌmɑːstə r/ us / ˈpeɪˌmæstər /. a person or an organization that pays for something, and has or expects to have some control over it: … A paymaster is a neutral third party and has no knowledge of any particulars of the transaction. They handle the incoming commissions, and then disburses the funds accordingly. In return for their services the paymaster charges a small fee, which is paid directly to them out of the commission proceeds prior to … Visa mer A paymaster is someone appointed by a group of buyers, sellers, investors or lenders to receive, hold, and dispense funds, commissions, fees, salaries (remuneration) or other trade, loan, or sales proceeds … Visa mer In the American Civil War era, a paymaster was generally a commissioned person in the army who held the relative rank of captain or major, … Visa mer The primary purpose of a paymaster is to receive fees in escrow by buyers in a large transaction, and disburse to the sellers and brokers on the transaction. A paymaster is … Visa mer In US, there is no licensing requirement to be a paymaster. However, a paymaster often is a licensed lawyer, due to the security and safety issue that lawyers in the U.S. are required to hold any funds that do not belong directly to them in an "Attorney's Trust … Visa mer
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