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Paymaster

 

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Paymaster



 
 
A paymaster is, and must be, an attorney
Attorney

An attorney is someone who represents someone else in the transaction of business:Attorney-at-law*Attorney at law *Attorney at law *Advocate...
 appointed by a group of investors or government
Government

Government is the body within any organization that has the authority to make and the power to enforce laws, regulations, or rules. Typically, the government refers to a civil government -- local, provincial, or national -- but commercial, academic, religious, or other formal organizations are also administered by governing bodies....
 to dispense commission
Commission

Commission may refer to:* Commission , a form of payment to an agent for services rendered* Ship commissioning, placing a warship in active military duty...
s, fee
Fee

A fee is the price one pays as remuneration for services, especially the honorarium paid to a doctor, attorney's fee, consultant, or other member of a learned profession....
s or salaries
Salary

A salary is a form of periodic payment from an employer to an employee, which may be specified in an employment contract. It is contrasted with piece wages, where each job, hour or other unit is paid separately, rather than on a periodic basis....
 within the private sector
Private sector

In economics, the private sector is that part of the economy which is both run for private profit and is not controlled by the state. By contrast, enterprises that are part of the state are part of the public sector; private, non-profit organizations are regarded as part of the voluntary sector....
 or public sector
Public sector

The public sector is the part of economic and administrative life that deals with the delivery of goods and services by and for the government, whether national, regional or local/municipal....
, especially a military
Military

A military is an organization authorized by its nation to use force, usually including use of weapons, in defending its country by combating actual or Threat of force ....
. Specific titles within the British government
Her Majesty's Government

Her Majesty's Government is a term used to refer to the government of the United Kingdom. Apart from the United Kingdom, the phrase has been used by other countries which recognise the British head of state as their own also....
 are Paymaster of the Forces
Paymaster of the Forces

The Paymaster of the Forces was a position in the British government. The office was responsible for part of the financing of the British Army, and was noted as one of the most lucrative positions in the British government....
, Paymaster-General
Paymaster-General

HM Paymaster General is a ministerial position in the United Kingdom. When the post is held by a minister in HM Treasury it ranks third in the Treasury, after the Chancellor of the Exchequer and the Chief Secretary to the Treasury....
 and Paymaster of Pensions
Paymaster of Pensions

In 18th century Great Britain, the Paymaster of Pensions was the official in charge of payments of Crown pensions and bounties. The first paymaster was Edward Nicholas in 1703, and the post was abolished in 1782 by the Act of Parliament 22 Geo....
. 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.






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A paymaster is, and must be, an attorney
Attorney

An attorney is someone who represents someone else in the transaction of business:Attorney-at-law*Attorney at law *Attorney at law *Advocate...
 appointed by a group of investors or government
Government

Government is the body within any organization that has the authority to make and the power to enforce laws, regulations, or rules. Typically, the government refers to a civil government -- local, provincial, or national -- but commercial, academic, religious, or other formal organizations are also administered by governing bodies....
 to dispense commission
Commission

Commission may refer to:* Commission , a form of payment to an agent for services rendered* Ship commissioning, placing a warship in active military duty...
s, fee
Fee

A fee is the price one pays as remuneration for services, especially the honorarium paid to a doctor, attorney's fee, consultant, or other member of a learned profession....
s or salaries
Salary

A salary is a form of periodic payment from an employer to an employee, which may be specified in an employment contract. It is contrasted with piece wages, where each job, hour or other unit is paid separately, rather than on a periodic basis....
 within the private sector
Private sector

In economics, the private sector is that part of the economy which is both run for private profit and is not controlled by the state. By contrast, enterprises that are part of the state are part of the public sector; private, non-profit organizations are regarded as part of the voluntary sector....
 or public sector
Public sector

The public sector is the part of economic and administrative life that deals with the delivery of goods and services by and for the government, whether national, regional or local/municipal....
, especially a military
Military

A military is an organization authorized by its nation to use force, usually including use of weapons, in defending its country by combating actual or Threat of force ....
. Specific titles within the British government
Her Majesty's Government

Her Majesty's Government is a term used to refer to the government of the United Kingdom. Apart from the United Kingdom, the phrase has been used by other countries which recognise the British head of state as their own also....
 are Paymaster of the Forces
Paymaster of the Forces

The Paymaster of the Forces was a position in the British government. The office was responsible for part of the financing of the British Army, and was noted as one of the most lucrative positions in the British government....
, Paymaster-General
Paymaster-General

HM Paymaster General is a ministerial position in the United Kingdom. When the post is held by a minister in HM Treasury it ranks third in the Treasury, after the Chancellor of the Exchequer and the Chief Secretary to the Treasury....
 and Paymaster of Pensions
Paymaster of Pensions

In 18th century Great Britain, the Paymaster of Pensions was the official in charge of payments of Crown pensions and bounties. The first paymaster was Edward Nicholas in 1703, and the post was abolished in 1782 by the Act of Parliament 22 Geo....
. 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.