Advertisement
Home » Vocabulary » Payment
Thing

Payment

A payment is the transfer of money from one party (such as a person or company) to another. A payment is usually made in exchange for the provision of goods, services or both, or to fulfill a legal obligation. The simplest and oldest form of payment is barter, the exchange of one good or service for another.

WELCOME TO RICHTOPIA

FREE MEMBERSHIP

Get special new reports and never miss an update again ...

  • 1,928,125 all-time users

WHAT IS RICHTOPIA?

Advertisement
As Seen On Forbes
Advertisement