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The word 'paymaster' is correct and usable in written English.
It is a noun that refers to a person, organization, or government agency responsible for paying salaries or wages. Example: The paymaster of the company was responsible for ensuring that all employees received their paychecks on time. Another example: The government appointed a paymaster to distribute relief funds to the victims of the natural disaster.
Dictionary
paymaster
noun
An official in charge of payments to employees, troops, etc.
Exact(59)
What does Germany [Europe's paymaster] actually want?
Department facilities managers were also summoned to a briefing with Barker and Francis Maude, minister for the Cabinet Office and paymaster general, at which they were told "you are responsible for delivering a key promise by the prime minister".
He added: "Dawn Primarolo [the paymaster general] said in the Commons that it will be published shortly.
Conveniently for the Treasury, these bonds are not rated as public borrowing because the risk of default was declared by the then paymaster general, Geoffrey Robinson, to be "infinitesimal .Rob Holden, the chief executive of LCR, denies there is any immediate crisis and says that Eurostar is in a position to meet its first scheduled bond repayment due in 2010.
But the cash-for-honours scandal has scared many donors away, restoring the unions at least temporarily to their traditional role as the party's main paymaster.
Most sensitive of all, a six-part series will be devoted to the handover of Hong Kong to the Chinese; but the Foreign Office, the service's paymaster, will be given no chance to ensure that it does not damage its policy aims.
It is the largest creditor country in the euro zone, and as chief paymaster it has the biggest clout in determining the single currency's future.The weakness of other heavyweights has added to Germany's heft.
Ibrahim Ahmed Mahmoud al-Qosi, a Sudanese man who was said to have worked in Afghanistan as Osama bin Laden's bodyguard, driver, cook and paymaster, pleaded guilty to charges of conspiracy and supporting terrorism.
Lebanon is simply scared of Hizbullah's paymaster.
He said nothing after the election, either, when he was made responsible for presenting government policy and Mr Robinson was made paymaster general.
Similar(1)
The London business hotel to which the Conservative paymaster-turned-pollster has invited Bagehot is not quite up to billionaire standards.
More suggestions(2)
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com