Payment
41payment enclosed — payment included, payment inside, payment attached …
42payment in kind — phrase something that you give or receive instead of money Books were offered as payment in kind. Thesaurus: miscellaneous paymentssynonym words used to describe payments and funding sourceshyponym Main entry: payment …
43Payment in kind — refers to payment for goods or services with a medium other than legal tender (anything can be used as money, but legal tender is what the State accepts for all debts).Etymology“Kind” (or sometimes ) in this context is an archaic noun meaning… …
44Payment recovery — firms specialize in getting vendors to return money inadvertently paid to them. In corporate America, this frequently occurs when accounts payable staff accidentally pay a duplicate invoice. Another situation in which this might occur is when,… …
45payment waterfall — United Kingdom Also known as a cash flow waterfall. The pre determined flow of funds and priority of distributions or allocations between or among debt or equity holders specified in intercreditor agreements or security trust arrangements… …
46payment-in-kind — (PIK) USA In the case of bank loans, a feature whereby the interest is added to the principal balance of the loan (referred to as capitalized) instead of being paid to the lender in cash (called cash pay interest). In the case of other securities …
47payment by results — (ABBREVIATION PBR) ► HR, WORKPLACE a system of paying employees in which the amount paid varies according to the amount of work they do or the profit that is made Main Entry: ↑payment …
48payment bond — see bond 1a Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …
49payment card — payment cards N COUNT A payment card is a plastic card which you use like a credit card in order to pay for things, but which takes the money directly from your bank account. Syn: debit card …
50payment in due course — Payment at or after the maturity of the instrument to the holder thereof in good faith and without notice that his title is defective. 11 Am J2d B & N § 964. For effect of the Commercial Code upon the requirement of a payment in due course for… …
