PAYMENT

Payment

A payment is the transfer of money from one party to another. A payment is usually made in exchange for the provision of goods, services or both, or to fulfill a legal obligation.

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payment

Noun

  1. The act of paying.
  2. A sum of money paid in exchange for goods or services.


The above text is a snippet from Wiktionary: payment
and as such is available under the Creative Commons Attribution/Share-Alike License.

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