Pay as you go and Quid pro quo: Difference between pages

Revision as of 15:39, 20 August 2013

Latin phrase that means 'what for what or something for something'.

The concept of getting something of value in return for giving something of value.

For example for a contract to be binding, it usually must involve the exchange of something of value.

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-(PAYG).
+Latin phrase that means 'what for what or something for something'.
-. ''Pensions.''
-A pension arrangement under which benefits are paid out of revenues and no funding is set aside to meet future liabilities.
+The concept of getting something of value in return for giving something of value.
+For example for a contract to be binding, it usually must involve the exchange of something of value.
-. Any other arrangement in which payments are made from time to time.
 == See also ==
-* [[Unfunded scheme]]
+* [[Consideration]]