Payment
31payment on delivery — ˌpayment on deˈlivery abbreviation POD noun [uncountable] COMMERCE TRANSPORT when a buyer must pay for goods when they are delivered; = CASH ON DELIVERY * * * pay …
32payment in full — The giving of all funds due to another. This language is often inserted on the back of check above the place for endorsement to prove that the payee accepts the payment as complete. Category: Business, LLCs & Corporations → Business Accounting,… …
33payment terms — ➔ term1 * * * payment terms UK US noun [plural] ► COMMERCE the statement by a business about when and how it should be paid for goods or services that it has supplied: »The written contract should include price, payment terms, and specific work… …
34payment card — UK US noun [C] ► COMMERCE any of a range of different cards that can be used by a customer to make a payment: »Credit and other payment cards are starting to make cash obsolete. »At the end of last year, US households on average had access to… …
35payment on invoice — ► COMMERCE payment for goods and services that must be made after the buyer receives an invoice: »Terms are payment on invoice within 15 days of invoice date. Main Entry: ↑payment …
36Payment of members — is the provision of a salary to members of a legislature. From time to time, proposals were made to reintroduce in the English parliamentary system a practice that was almost universally adopted in other countries, that of paying a state salary… …
37payment in lieu of notice — (PILON) A contractual right to pay an employee a lump sum rather than require them to work out their statutory or contractual notice period. If there is no PILON clause in a contract of employment then an employer who pays an employee a lump sum… …
38payment-by-results — ˌpayment by reˈsults noun [uncountable] HUMAN RESOURCES abbreviation PBR a system of paying people according to how much they produce or sell: • Wages in the clothing industry are based on a payment by results system …
39payment in kind — ► COMMERCE a way of paying for something using goods and services instead of money: »The company agreed that the loan should be settled by payment in kind. Main Entry: ↑payment …
40payment on account — ► an amount of money paid that is part of the total amount owed for something, or the act of paying in this way: »Tax is also due as the first payment on account for the tax year 2010 11. Main Entry: ↑payment …
