- The act of paying, or giving compensation; the discharge
of a debt or an obligation. - That which is paid; the thing given in discharge of a
debt, or an obligation, or in fulfillment of a promise; reward;
recompense; requital; return. - Punishment; chastisement.
Social Payment Social Payment refers to the use of online social networks to send money to another person or company. Individuals and companies can utilize current services or build their own...
Net payment cost index Net payment cost index is method of measuring the cost of an insurance policy to an insured if death occurs at the end of some specified time period. The time value of money is taken into
Medical payments to others Medical payments to others pays for medical expenses of others under a homeowner’s policy in the event that a person (not an insured) is accidentally injured on the premises, or by the activities of
Life annuity with guaranteed payments Life annuity with guaranteed payments refer pays a life income to the annuitant with a certain number of guaranteed payments.
Limited-payment policy Limited-payment policy is a type of whole life insurance providing protection throughout the insured’s lifetime and for which relatively
Copayment Copayment refer flat amount that the insured must pay for certain benefits, such as an office visit or prescription drug. Not to be
Medical payments Medical payments are a form of motor vehicle insurance that pays the medical bills of the insured and of others the insured has injured while driving a vehicle.
Limited-payment life insurance Limited-payment life insurance refers whole life insurance that distributes over a fixed number of years the total premium the insured would pay until death according to the law of large numbers.
Payments system Payments system is the method of conducting transactions in the economy.
Definition
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