Ensuring cash supplies in crisis and emergency situations

The demand for cash increases in times of crisis since many people consider banknotes and coins to be a particularly safe way to keep money. Moreover, cash is the only instrument of payment that is largely independent of ...

Study: Child poverty rising after tax credit expires

The number of children in America living in poverty jumped dramatically after just one month without the expanded child tax credit payments, according to a new study. Advocates fear the lapse in payments could unravel what ...

Study: Expanded child tax credits did not reduce employment

An analysis of Census Pulse Survey data from the Social Policy Institute (SPI) at Washington University in St. Louis shows that the expanded Child Tax Credit (CTC) did not cause an exit from the labor force.

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Payment

A payment is the transfer of wealth from one party (such as a person or company) to another. A payment is usually made in exchange for the provision of goods, services or both, or to fulfill a legal obligation.

The simplest and oldest form of payment is barter, the exchange of one good or service for another. In the modern world, common means of payment by an individual include money, cheque, debit, credit, or bank transfer, and in trade such payments are frequently preceded by an invoice or result in a receipt. However, there are no arbitrary limits on the form a payment can take and thus in complex transactions between businesses, payments may take the form of stock or other more complicated arrangements.

In law, the payer is the party making a payment while the payee is the party receiving the payment.

This text uses material from Wikipedia, licensed under CC BY-SA