noun a sum of money paid or a bill settled
Payment refers to the transfer of money or value from one party to another in exchange for goods, services, or debts.
Payment is an essential part of business transactions, ensuring that parties fulfill their financial obligations.
In legal contexts, payment may refer to the fulfillment of contractual obligations or the settlement of disputes through financial compensation.
In accounting, payment represents the settlement of a financial obligation, typically recorded as an outflow of cash or assets.
Payment is a crucial aspect of banking, involving the movement of funds between accounts or institutions.
In e-commerce, payment is the process of completing a transaction by transferring funds electronically.
Payment for freelance writing assignments is typically negotiated on a per-word or per-project basis.
Payment for psychological services is often handled through insurance companies or out-of-pocket by clients.
Graphic designers may receive payment for their work either hourly, per project, or based on a retainer agreement.
Lawyers may bill clients hourly, on a contingency basis, or through a flat fee for specific services rendered.
Consultants may charge clients a fee based on their expertise and the scope of the project they are hired to work on.