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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 usually, but not required to be, a lawyer (also known as a 'lawyer paymaster').
The Office for administration and payment of individual entitlements, also known as the Paymaster's Office or PMO is a central office of the European Commission.. The PMO's mission is to manage the financial rights of permanent, temporary and contractual staff working at the Commission, to calculate and to pay their salaries and other financial entitlements.
The Finance Corps traces its foundation to 16 June 1775, when the Second Continental Congress established the office of Paymaster General of the Army. [1] The Pay Department became a separate department in 1816, and the Finance Department was created by law on 1 July 1920. [2] [1] It became the Finance Corps in 1950. [3]
[citation needed] Other well known manufacturers in the industry were F & E Hedman and the Paymaster Company (both out of Chicago, IL). [5] The person preparing a check positions the check in the check writer so its print-heads are centered over the field on the check where the amount of the check would otherwise be written out in words.
The office of the Paymaster General was created through a resolution of the Continental Congress on 16 June 1775, which established "That there be one Paymaster General, and a Deputy under him, for the Army, in a separate department; that the pay for the Paymaster General himself be one hundred dollars per month, and for the Deputy Paymaster under him, fifty dollars per month."
Paymaster Corporation was a Chicago-based company that manufactured and sold the Paymaster mechanical check writers, which could be found at post office branches, financial institutions, and small businesses in North America throughout the twentieth century.
Prior to the 19th century, each regiment had its own civilian paymaster and the first commissioned paymaster was introduced in 1792. In 1870 a Pay Sub-Department of the Control Department was formed; an officer-only establishment, it gained autonomy as the Army Pay Department in 1878. [ 1 ]
It succeeded the earlier Marine Pay Office that was established in 1702. The department was responsible for processing marines' pay to the Royal Marines Division's at Chatham, Portsmouth and Plymouth. The department was initially administered by the Paymaster of the Marines, whose title later changed to the Paymaster and Inspector General of ...