From The Collaborative International Dictionary of English v.0.48 [gcide]:
Paymaster \Pay"mas`ter\, n.
One who pays; one who compensates, rewards, or requites;
specifically, an officer or agent of a government, a
corporation, or an employer, whose duty it is to pay
salaries, wages, etc., and keep account of the same.
[1913 Webster]
From The Collaborative International Dictionary of English v.0.48 [gcide]:
Purser \Purs"er\, n. [See {Purse}, and cf. {Bursar}.]
[1913 Webster]
1. (Naut.) A commissioned officer in the navy who had charge
of the provisions, clothing, and public moneys on
shipboard; -- now called {paymaster}.
[1913 Webster]
2. A clerk on steam passenger vessels whose duty it is to
keep the accounts of the vessels, such as the receipt of
freight, tickets, etc.
[1913 Webster]
3. Colloquially, any paymaster or cashier.
[1913 Webster]
{Purser's name} (Naut.), a false name. [Slang]
[1913 Webster]
From WordNet (r) 3.0 (2006) [wn]:
paymaster
n 1: a person in charge of paying wages
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