payment Definition

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.

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Related Terms

deferred payment -

prepayment -

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prepayment penalty

prepayment privilege

single-payment loan

additional principal payment

graduated payment

balance of payments

immediate payment annuity

Mentioned in these terms

Clearing House Automated Payment System

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delivery vs. payment

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average payment period

payment-in-kind security

Popular 'Accounting' Terms

current ratio
equity
working capital
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revenue
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payment in the news

Tools

payment is ...

... part of the Accounting subject.

Nearby Terms

payback period
paydown
payee
payer
paying agent
payment
payment date
payment for order flow
payment in kind
payment option ARM
payment shock

Search volume for payment

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