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Encyclopedia > Payment

A payment is the act of transfering wealth into another person or company.


There are several forms of payment available:

In business and trade, a payment takes part as component in a broader and complex process, like a purchase, a contract. It is preceded by an invoice and may originate a receipt. The payment is made by the paying part in order to compensate the other part for the provision of goods, services, or both. Money Money is any marketable good or token used by a society as a store of value, a medium of exchange, and a unit of account. ... The word check has these meanings: In finance, a cheque (spelt check in American English) is an order for transfer of money. ... Wikipedia does not yet have an article with this exact name. ... The term credit can have several meanings in different contexts. ... A wire transfer is an electronic transfer of funds. ... External links Yahoo! Finance Aggregates some really good business articles Categories: | | | ... A fruit stand at a market. ... To gain control of an asset in exchange for a valuable consideration. ... All the textbooks define a contract as either a promise or an agreement that is enfored or recognised by the law. ... Invoice is a commercial document issued by a seller to a buyer, indicating the products, quantities and agreed prices for products or services that the Seller has already provided the Buyer with. ... A receipt is a document made by a merchant, landlord, vendor, or other creditor in favor of a customer acknowledging having received an amount of money for some purpose. ... Good (accounting) - Wikipedia /**/ @import /skins-1. ... In economics and marketing, a service is the non-material equivalent of a good. ...


See Also


  Results from FactBites:
 
eBay Shop - DynamicDVD Australia: Payment (639 words)
Please follow those instructions to ensure your payment is identifiable so that we can process your order for dispatch on that very same day.
If the payment was deposited in-person (Bank Counter Deposit) at a Westpac Bank branch, please provide the location or BSB Number of the branch where the payment was deposited.
Please note that some payments such as direct deposit through internet banking will require 48 business hours to appear in our bank account so please take it into consideration when estimating our dispatch date.
Payment - LoveToKnow 1911 (1407 words)
Payment may be made at any time of the day upon which it falls due, except in the case of mercantile contracts, where the creditor is not bound to wait for payment beyond the usual hours of mercantile business.
Payment must in general be made by the debtor or his agent, or by a stranger to the contract with the assent of the debtor.
Payment of wages in public-houses (except in the case of domestic servants) is illegal.
  More results at FactBites »

 
 

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