Meaning of the word paymaster in English

What does paymaster mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

paymaster

US /ˈpeɪˌmæs.tɚ/
UK /ˈpeɪˌmɑː.stər/

Noun

a person, especially in the armed forces or a large organization, whose job is to pay out wages or salaries

Example:
The company's paymaster handles all employee salaries and benefits.
He served as the paymaster for the regiment during the war.