payment of accounts
31Contactless payment — systems are credit cards and debit cards, key fobs, smartcards or other devices which use RFID for making secure payments. The embedded chip and antenna enable consumers to wave their card or fob over a reader at the point of sale. Some suppliers …
32Assignment Of Accounts Receivable — A lending agreement, often long term, between a borrowing company and a lending institution whereby the borrower assigns specific customer accounts that owe money (accounts receivable) to the lending institution. In exchange for assignment of… …
33Escrow payment — is the common term referring to the portion of a mortgage payment that is designated to pay for real property taxes and hazard insurance. It is an amount over and above the principal and interest portion of a mortgage payment. Since the escrow… …
34Protected Payment System — The automated payments system operated by LCH for the collection and payment of margin. LCH has a mandate over its clearing members bank accounts, and can therefore pass instructions for margin monies ( variation margin debits and initial margin) …
35Military Payment Certificate — 1 Dollar Series 692 (1970 1973) Military Payment Certificates, or MPC, was a form of currency used to pay U.S. military personnel in certain foreign countries. It was used in one area or another from a few months after the end of World War II… …
36BancNet Payment System — Infobox Interbank Network name = BancNet area = Philippines and China through China UnionPay foundation = 1994 members = 40 banks pos = Over 8,000The BancNet (BN) Point Of Sale System is a local PIN based electronic funds transfer (EFTPOS)… …
37Late Payment of Commercial Debts (Interest) Act 1998 — The Late Payment of Commercial Debts (Interest) Act 1998 is an Act of the United Kingdom Parliament enabling small businesses to chargelarger business customers interest on overdueaccounts.The Act extends to Northern Ireland.A small business is… …
38Standard of deferred payment — A standard of deferred payment is the accepted way, in a given market, to settle a debt. For example, while the gold standard reigned, gold or any currency convertible to gold at a fixed rate constituted such a standard. As of 2003, the US dollar …
39Methods of payment in International trade — Popular methods of payment used in international trade include: cash with order(CWO) the buyers pay cash when he places an order. cash on delivery(COD) the buyer pays cash when the goods are delivered. documentary credit a Letter of credit (L/C)… …
40social security payment — ➔ payment * * * social security payment UK US noun [C] GOVERNMENT, FINANCE ► an amount of money that is paid regularly to people who are unemployed, ill, or too old to work: »Japan is faced with the double dilemma of having to pay off debts and… …
