payment

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payment

 [pa´ment]
remuneration in exchange for goods or services.
prospective payment payment to a health care facility at a predetermined rate for treatment regardless of the cost of care for a specific individual patient.
third party payment payment of hospital or other health care bills by a source other than the patient; the most common sources are private or governmental insurance. Called also third party reimbursement.

payment

Vox populi A wad of cash given for a service rendered or product received. See Bonus payment, Bundled payment, Pass-through payment, Prospective payment.
References in periodicals archive ?
The Western District Court, however, ruled the payments were FICA wages since they had been made because of the teachers' employment relationship with the school district and would have been received by the taxpayers had they continued teaching.
In addition, section 162(c) of the Internal Revenue Code, which predates the FCPA, prohibits the deduction of bribes, including payments that violate the FCPA, as business expenses.
There are a number of different repayment options to help you manage your monthly payments," Korsvall says, offering income-based and interest-only payments as examples.
Book expenses and fees for competitions, festivals, late payments and so forth were then deducted from that deposit during the year.
Since 1979, the total number of non-cash retail payments has doubled from approximately 37 billion to 80 billion.
Taxpayers whose monthly or quuarterly Cigarette Tax return and payments are due in September, October, or November 2001 and who are unable to file on those dates may file and pay any tax due on or before Dec.
Numerous studies have demonstrated savings for companies and banks using electronic payments systems.
Berry deducted the family support payments as alimony on his 1999 tax return; however that deduction was disallowed by the ILLS.
Of course, most traditional structured settlements involve excludible periodic payments made "on account of personal physical injuries.
There is no indication, however, that the IRS intends to retreat from its historic ruling position that differential payments to former employees called to active duty by the Federal government or into federal service as a member of the National Guard are not wages for employment tax purposes because the employment relationship was "interrupted.