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 or an organization that pays for something to happen and therefore has or expects to have some control over it:

Example:
The government accused the opposition parties of being controlled by labor union paymasters.