Payment
Transfer of money or value in exchange for goods, services, debts, or compensation.
payment
remittance
A payment refers to the act of transferring money or value from one party to another in exchange for goods, services, debts, or as compensation. Payments can occur through various methods such as cash transactions, checks, electronic transfers, credit/debit cards, or digital wallets. They are essential components of economic activity and financial systems.
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