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.

payment,

n the performance of a duty or promise; the discharge of a debt or liability by the delivery of money or something else of value.
payment, progress,
n the interim payments by the purchaser of a dental plan contract to the carrier for use as an operating fund. A final accounting is always completed when actual costs are paid.
References in periodicals archive ?
One judge dissented, agreeing with the Eighth Circuit's reasoning; however, based on that reasoning, the judge said, Rase's payments still were FICA wages since he had accepted the severance pay without relinquishing his tenure rights.
The Service has ruled (40) that the applicability of the GWE does not hinge on the fact that some portion of the payment goes to another; albeit a related person, as opposed to the affected individual directly.
In order to renew its license for the port facility, an employee of Chiquita's subsidiary, without the knowledge or consent of any Chiquita employee at the parent and in contravention of Chiquita's policies, directed a customer broker to make an improper payment to Colombian customs officials.
If you want to set up a monthly payment plan on your defaulted loan, contact the Department of Education's customer service center at 800-621-3115.
They also would adjust payments by deducting the charge for any missed lessons.
The data collection effort was commissioned by the Reserve Banks and consisted of three main studies--the Depository Financial Institution (DFI) Check Study, the Check Sample Study, and the Electronic Payment Instruments Study.
Interest must be paid on any payment made after the original due date calculated from the original due date to the date of payment.
A payment from another country transmitted into the network is treated no differently by a receiving depository financial institution than an entry originated domestically.
Gain visibility on the latest developments in wholesale payments processing activity within financial markets
Berry deducted the family support payments as alimony on his 1999 tax return; however that deduction was disallowed by the ILLS.
Then, the defendant (or its liability insurer) transfers that obligation to its substituted obligor, who thereafter remains liable on the payment obligations.
The Internal Revenue Service first ruled on the issue of differential payments more than 60 years ago.