The debtor is the party responsible for payment obligation on an account.
f
A+ = party officals
The Nazi Party. From 1919 to 1920 there was a party called "German Workers' Party", which was founded on far-right and nationalist tendencies then common throughout Europe, in part as a result of the Great War of 14-18. In 1920, the party evolved into the National Socialist German Workers' Party, commonly known as the Nazi Party, which was dissolved in 1945. It was that party which was responsible for organizing the Holocaust. Wikipedia has a great page on the NSDAP.
A third-party payment processor is a company that helps you accept payments from customers without needing a merchant account of your own. They handle everything, from taking the payment to transferring the funds to your bank. This makes it easy for businesses to start accepting payments quickly and securely. Some of the best examples of third-party payment processors are eCheckplan, Stripe, PayPal, Adyen, and Paycron. These services are perfect for small and mid-sized businesses because they’re easy to set up and help you get paid without the headaches of dealing with banks directly.
The Party Whip ensures that the party votes as a unified block.
The paying party or his surety.
If its under the payment section, it translates as "who will pay this bill?"
Unless previously agreed upon when the check was used as tender, the party who demands stop payment is responsible for all fees associated with the process.
On behalf payment refers to a financial transaction where one party makes a payment on behalf of another party, often to fulfill a financial obligation. This arrangement can occur in various contexts, such as a parent paying a bill for their child or a company covering expenses for an employee. The party making the payment typically seeks reimbursement or has prior authorization to settle the debt. It is important to document such transactions to maintain clear financial records.
Indivisible obligations are those that cannot be divided or shared among multiple parties. Each party involved is responsible for fulfilling the entire obligation, and it cannot be separated into distinct parts.
When a payment is made by a third person, it can lead to several effects, such as the discharge of the original debtor's obligation if the creditor accepts the payment. This can also establish a new relationship between the third party and the debtor, as the third party may seek reimbursement. Additionally, the creditor may need to confirm the legitimacy of the payment to avoid disputes. Overall, third-party payments can complicate financial transactions and relationships.
A person who is at fault is commonly referred to as the "responsible party" or the "party at fault."
Intent to offset payment refers to a party's intention to deduct or withhold a payment owed to another party due to a debt or obligation that the latter has to the former. This legal concept is often used in financial transactions or contracts where one party seeks to balance out what is owed against what they are owed. It can arise in various contexts, such as loans, services rendered, or contractual agreements, and typically requires proper documentation to support the offset claim.
The satisfaction of a claim or payment refers to the fulfillment or resolution of a financial obligation, typically where one party compensates another for a loss or damage. This can occur through a monetary payment, settlement, or other agreed-upon means that provides the claimant with a sense of closure or remedy. Essentially, it signifies that the claiming party has received what they are owed, thereby resolving the dispute or claim.
A joint obligation occurs when two or more parties are collectively responsible for fulfilling a duty, such as two co-signers on a loan who are both liable for repayment. An example of a solitary obligation is when an individual borrows money from a bank and is solely responsible for repaying that debt. In the first case, the creditors can pursue either party for the full amount, while in the latter, only the borrower is accountable.
The principle that for every obligation there is a corresponding right, and vice versa, highlights the interconnectedness of rights and duties in legal and ethical contexts. This means that when one party has a legal obligation to act (or refrain from acting), another party holds the right to expect that action (or inaction). For instance, if a tenant has the obligation to pay rent, the landlord has the corresponding right to receive that payment. This relationship ensures a balance and accountability within social and legal frameworks.
"Extracted for payment" refers to the process of obtaining or retrieving funds or payment from a source, such as a bank account or a payment system, to settle a transaction or fulfill a financial obligation. This term can be used in various contexts, including financial transactions, billing, or invoicing, where money is drawn from one party to compensate another. Essentially, it signifies the action of collecting or securing payment.