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What is this word payment?

What is this word payment?

noun. something that is paid; an amount paid; compensation; recompense. the act of paying. reward or punishment; requital.

What word means the same as payment for work?

Synonyms, crossword answers and other related words for PAYMENT FOR WORK [wage]

What is the process of payment?

There are two stages to payment processing: the authorization (approving the sale) and the settlement (getting the money in your account). The authorization process goes roughly like this: 1. Your customer buys an item on your site with a credit or debit card.

What does wage mean in the Bible?

2 : recompense, reward —usually used in plural but singular or plural in construction the wages of sin is death — Romans 6:23 (Revised Standard Version) wage. verb.

What is it called when you get paid more?

overpaid. adjective. being paid more money than you deserve for the work that you do.

What is BACS payment?

This is an electronic system to make payments directly from one bank account to another. They’re mainly used for Direct Debits and direct credits from organisations. The payments take 3 working days to clear, so money paid into your account on Monday will clear on Wednesday.

What are the different types of payment?

There are two types of payment methods; exchanging and provisioning. Exchanging involves the use of money, comprising banknotes and coins. Provisioning involves the transfer of money from one account to another, and involves a third party.

What is the explanation of payment?

Payment is the transfer of one form of goods, services, or financial assets in exchange for another form of goods, services, or financial assets in acceptable proportions that have been previously agreed upon by all parties involved. Payment can be made in the form of funds, assets or services.

What is an example of payment in kind?

The phrase “payment-in-kind” also applies to accepting cash alternatives for work or services. For example, a farmhand who is given “free” room and board instead of receiving an hourly wage in exchange for helping out on the farm is an example of payment-in-kind.

What is a payment type?

Payment types are the different methods of payment that can be used in financial transactions between organizations, for example, credit card or check.