Used in place of a standard check, this is an instrument of payment that is given to the payee, allowing him to gain more control over the disbursement process of his financies.

Dividends or interest payments that must be issued to the owners of stock.

A sum of money that is owed by a lender, creditor, government, or employee. Shown as a liability in the balance sheet of the firm.

A ratio written as weeks of inventory purchases that are unpaid. Dependent upon the terms of credit provided by the suppliers, as well as the payment policies that have been set up

A ratio written as weeks of operating expenses in terms of the accounts payable at the end of accounting period. It is usually dependent upon the time it would take for a

The turnover ratio determining whether the company the company repays its supppliers quicker or slower than before.

Method of evaluating the period of time it would take for the company to get the amount of return equivalent ot its initial investment. Usually, pay back periods should be lesser. It

A type of vacation in which an individual works, through telecommunication techniques in order to earn extra income. Paycations are common for freelancers, or for those willing to do over time work.

The day on which an employee receives his salary. Might be quarterly, weekly or monthly.

The party who makes the payment. Known as a writer too.

Known as a payor bank, any bank which can draw or accept a bill of exchange is a payer bank.

The act of compensating in monetary value.

A third party, or an entity such as a bank which makes a payment on the period interest and principal to the owners of the bond, paid on the behalf of the

The bank which will cash a check or draft. Known as an accepting bank too.

The revenue while producing loan is known as the payload.

A setup in which the buyer can receive delivery documents, only after the full payment of the bill of invoice has been made.

A deposit, usually 20% of the actual amount, which must be given by the winning bidder, taken as a surety that he will pay all sums on time and in full that

A confirmation receipt, usually physical or electronic, that provides confirmation that payment has been received.

The time it takes after writing the check for the balance to be actually deducted from the bank. Results in a decrease.

Payment usually made once the bill of exchange has matured, or after it. Usually done in good faith.