Payment: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Add link.) |
(Add link.) |
||
| (2 intermediate revisions by 2 users not shown) | |||
| Line 17: | Line 17: | ||
* [[Discharge]] | * [[Discharge]] | ||
* [[Emerging Payments Association]] | * [[Emerging Payments Association]] | ||
* [[Frictionless payments]] | |||
* [[Pan-African Payment and Settlement System]] (PAPSS) | |||
* [[Pay]] | * [[Pay]] | ||
*[[Payment infrastructure]] | *[[Payment infrastructure]] | ||
* [[Payment rail]] | |||
* [[PSOR]] | * [[PSOR]] | ||
* [[Receipt]] | * [[Receipt]] | ||
| Line 24: | Line 27: | ||
* [[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.
