Payment: Difference between revisions
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imported>Doug Williamson (Make consistent with Receipt and Remittance pages.) |
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An amount of money paid. | An amount of money paid. | ||
1. | |||
Defined broadly, payment refers to the payor’s transfer of a monetary claim on a party acceptable to the payee. Typically, claims take the form of banknotes or deposit balances held at a financial institution or at a central bank. | |||
2. | |||
The term is also defined more strictly for certain accounting and tax purposes, where the exact timing of payments - for example either within or outside of a given tax calculation period - may be essential for the determination of tax liabilities and tax reliefs. | |||
== See also == | == See also == | ||
*[[Committee on Payments and Market Infrastructures]] (CPMI) | |||
* [[Digital payment]] | |||
* [[Discharge]] | |||
* [[Emerging Payments Association]] | |||
* [[Frictionless payments]] | |||
* [[Pan-African Payment and Settlement System]] (PAPSS) | |||
* [[Pay]] | * [[Pay]] | ||
*[[Payment infrastructure]] | |||
* [[Payment rail]] | |||
* [[PSOR]] | |||
* [[Receipt]] | |||
* [[Remittance]] | * [[Remittance]] | ||
* [[Payment factory]] | * [[Payment factory]] | ||
[[Category: | [[Category:Financial_products_and_markets]] | ||
Latest revision as of 05:24, 1 November 2024
An amount of money paid.
1.
Defined broadly, payment refers to the payor’s transfer of a monetary claim on a party acceptable to the payee. Typically, claims take the form of banknotes or deposit balances held at a financial institution or at a central bank.
2.
The term is also defined more strictly for certain accounting and tax purposes, where the exact timing of payments - for example either within or outside of a given tax calculation period - may be essential for the determination of tax liabilities and tax reliefs.
