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What is a paymaster?

What is a paymaster? Here are some definitions.

Noun
  1. An official in charge of payments to employees, troops, etc.
  2. A person or body which demands loyalty or services in return for payment (especially as paid in advance).
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Examples
He saw active service in the Crimean War as paymaster on HMS Gladiator, being awarded the Crimean War Medal, clasp Sevastapol.
But Europe's main paymaster made clear that Britain must give ground.
By 1793 he had become a large landholder, having attained power as inspector of public works and paymaster of the corps.
Literature is not an overgenerous paymaster, and with a growing family expenses tend to increase in a larger ratio than income.
From 1862 through 1865 he served as a paymaster on a Union navy gunboat that traversed the bayous and rivers of southern Louisiana.
Owners would have the option of making the payment in the traditional way by sending a letter to the paymaster.

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