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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.
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Explain why some economists argue that payment by cheque is thesame as giving trade credit?
Some economists argue that payment by cheque is the same as giving trade credit since both involve transactions which are not made in cash .
You are welcome to order the goods now But payment should be made?
You can proceed with ordering the goods now, but please ensure that payment is completed before processing your order. This policy helps us maintain efficient service and inventory management. If you have any questions about the payment process, feel free to ask. Thank you for your understanding!
What does standard of deferred payment mean?
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.
Why were the members of the third estate dissatisfied with life under the old regime?
The Third Estate made up 95% of the population but had little power is the general Estates and they wanted equal privileges.
What happened as a result of the third Estate?
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.
A regular payment made to a person after they retire?
A regular payment made to a person after they retire is called a pension
What do modifiers affect?
the way payment is made by third party payeer.
Who is the drawer of a third party check?
the party to whom payment is to be made
Payment made to a person after he retires?
pension
What is a 7 letter word for a regular payment made to a person after they retire?
retirement payment
What is a payment made to person after he or she retires?
Social security
What does payee on any refund mean?
The payee on a refund refers to the individual or entity designated to receive the refunded amount. Typically, this is the person or organization that made the original payment or transaction. In cases where a payment was made by a third party, the refund may be issued to that third party instead. Ensuring the correct payee is specified helps prevent any issues with receiving the refund.
A regular payment made to a person after he or she retires?
pension
What is regular payment made to a person after he or she retires?
Social security
What is a regular payment made after a person retires?
A pension
What is a 9 letter word what a person intends or plans to do?
a regular payment made to a person after he or she retires
What is Bank of America's loss payee clause?
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.
