Payment: Difference between revisions
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imported>Administrator (CSV import) |
imported>Doug Williamson (Referencing payment factory + spacing.) |
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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 - is important for the determination of tax liabilities and reliefs. | 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 - is important for the determination of tax liabilities and reliefs. | |||
== See also == | == See also == | ||
* [[Pay ]] | * [[Pay]] | ||
* [[Remittance]] | * [[Remittance]] | ||
* [[Payment factory]] | |||
[[Category:Cash_management]] | |||
Revision as of 08:29, 23 June 2013
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 - is important for the determination of tax liabilities and reliefs.
