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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.
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Purser \Purs"er\, n. [See {Purse}, and cf. {Bursar}.]
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1. (Naut.) A commissioned officer in the navy who had charge
of the provisions, clothing, and public moneys on
shipboard; -- now called {paymaster}.
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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.
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3. Colloquially, any paymaster or cashier.
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{Purser's name} (Naut.), a false name. [Slang]
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