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Payment. A payment is the tender of something of value, such as money or its equivalent, by one party (such as a person or company) to another in exchange for goods or services provided by them, or to fulfill a legal obligation or philanthropy desire. The party making the payment is commonly called the payer, while the payee is the party ...
The point of sale ( POS) or point of purchase ( POP) is the time and place at which a retail transaction is completed. At the point of sale, the merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice for the customer (which may be a cash register printout), and indicates the options for the customer ...
Oral argument. Becerra v. San Carlos Apache Tribe. 23-250. 23-253. Whether the Indian Health Service must pay “contract support costs” not only to support IHS-funded activities, but also to support the tribe’s expenditure of income collected from third parties. November 20, 2023. March 25, 2024. Campos-Chaves v.
Ex gratia ( / ˌɛks ˈɡreɪʃ ( i) ə /; [1] also spelled ex-gratia) is Latin for "by favour", and is most often used in a legal context. When something has been done ex gratia, it has been done voluntarily, out of kindness or grace. In law, an ex gratia payment is a payment made without the giver recognising any liability or legal obligation.
The Payment of Gratuity Act, 1972 is an Indian law that makes companies pay a one-time gratuity to retired employees or an employee who resigns after a minimum of 5 years of service. The law applies to all companies of at least 20 employees. The gratuity is 15 days' wages for every year of employee service, or partial year over six months.
Ambulatory Payment Classification. APCs or Ambulatory Payment Classifications are the United States government's method of paying for facility outpatient services for the Medicare (United States) program. A part of the Federal Balanced Budget Act of 1997 made the Centers for Medicare and Medicaid Services create a new Medicare "Outpatient ...
Banking. A giro transfer, often shortened to giro ( / ˈdʒaɪroʊ, ˈʒɪəroʊ / ), [1] is a payment transfer from one current bank account to another bank account and initiated by the payer, not the payee. [2] The debit card has a similar model. Giros are primarily used in Europe; although electronic payment systems exist in the United ...
A stop payment is an order by a customer of a financial institution ( bank, savings bank, or credit union) or to a money order issuer to refuse to pay a check or draft drawn on the customer's account, and to return the draft to the depositor unpaid. [1] Stop payments are used in cases where the depositor does not want the check to be paid. The ...