payment

Definition

The partial or complete discharge of an obligation by its settlement in the form of the transfer of funds, assets, or services equal to the monetary value of part or all of the debtor's obligation.

Use payment in a sentence

Popular 'Accounting' Terms

Related Terms

Mentioned in these terms

Nearby Terms

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
annuity in arrears total of all payments