Tooltip Categories: Economics & Finance

payment

The transfer of money from one party, such as a person or company, to another. (source: http://en.wikipedia.org/wiki/Payment)

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payment bond

A payment bond is a surety bond posted by a contractor to guaranty that his subcontractors and material suppliers on the project will be paid.

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payment deferment

A debt which has been incurred and will be paid back at some point in the future. (source: http://www.investorwords.com/1365/deferred_payment.html)

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pawnshop

A store which offers loans in exchange for personal property as equivalent collateral. If the loan is repaid in the contractually agreed time frame, the

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pay

The money paid to someone for regular work. (source: http://oxforddictionaries.com/definition/english/pay?q=pay)

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pay (verb)

give (someone) money due for working, goods, or a debit incurred. (source: http://www.wordreference.com/es/translation.asp?tranword=pay)

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pay by direct debit

The payer authorize the payee take a direct debit for any amount at any time, or to instruct the bank to honour direct debit requests

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pay in cash

The use of banknotes and coins with legal tender status to pay purchases of goods and services.

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patent

The exclusive right granted by a government to an inventor to manufacture, use, or sell an invention for a certain number of years. (source: http://dictionary.reference.com/browse/patent)

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