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Some economists argue that payment by cheque is the same as giving trade credit since both involve transactions which are not made in cash .
In economics, one of the four functions of money is to serve as a "standard of deferred payment". It means that a contract or agreement may specify (or imply) that the repayment of a debt be made using a particular monetary unit. It differs from other functions of money in that it is not functioning as an immediate medium of exchange or store of value but, rather, as a medium by which future payments will be made.
The Third Estate made up 95% of the population but had little power is the general Estates and they wanted equal privileges.
The primary thing which happened as a result of the Third Estate was the French Revolution. The pamphlet made the common people aware of how unnecessary their rule class was and triggered a revolt.
Repossession is when something is returned to its original owner. An example would be when a car payment is not made, and the owner of the car's title repossesses (takes back) the car.
A regular payment made to a person after they retire is called a pension
the way payment is made by third party payeer.
the party to whom payment is to be made
pension
retirement payment
A tithe was a payment made to clergy or religious institutions. It usually consisted of a tenth of one's income and was often obligatory for members of certain religious denominations.
Social security
Social security
pension
A pension
pension
The loss payee clause is part of the contract that states that of payment is made under the policy in relation to the insured risk, payment will be made to a third party. The payment will not go to the insured beneficiary of the policy.