Councillor meeting journalist, one expecting payment (8)
I believe the answer is:
creditor
'one expecting payment' is the definition.
(I've seen this in another clue)
'councillor meeting journalist' is the wordplay.
'councillor' becomes 'cr' (abbreviation for councillor).
'meeting' is a charade indicator (letters next to each other).
'journalist' becomes 'editor' (senior journalist).
'cr'+'editor'='CREDITOR'
(Other definitions for creditor that I've seen before include "recipient of money" , "The one to whom debt is due" , "Cried rot (anag.)" , "to whom something is due" , "Person to whom money isowed" .)