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  • payment — I (act of paying) noun acquittal, acquittance, amortization, amortizement, clearance, compensation, defrayal, defrayment, disbursement, discharge of a debt, expenditure, liquidation, outlay, quittance, receipt in full, reckoning, recompense,… …   Law dictionary

  • Payment protection insurance — Payment protection insurance, (also known as PPI, credit protection insurance, loan repayment insurance, not to be confused with income protection or credit card cover) is an insurance product that is often designed to cover a debt that is… …   Wikipedia

  • Specific performance — is an order of a court which requires a party to perform a specific act, usually what is stated in a contract. It is an alternative to award/ for awarding damages, and is classed as an equitable remedy commonly used in the form of injunctive… …   Wikipedia

  • specific performance — see performance Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. specific performance …   Law dictionary

  • payment 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… …   Financial and business terms

  • specific performance — ➔ performance * * * specific performance UK US noun [U] LAW ► an order given by a court stating that a contract for work must be carried out exactly as it was written, rather than someone receiving money instead: »An order for specific… …   Financial and business terms

  • payment — The fulfilment of a promise, or the performance of an agreement. A discharge of an obligation or debt, and part payment, if accepted, is a discharge pro tanto. In a more restricted legal sense payment is the performance of a duty, promise, or… …   Black's law dictionary

  • Payment Card Industry Data Security Standard — The Payment Card Industry Data Security Standard (PCI DSS) is an information security standard for organizations that handle cardholder information for the major debit, credit, prepaid, e purse, ATM, and POS cards. Defined by the Payment Card… …   Wikipedia

  • Payment for ecosystem services — Payments for Ecosystem Services (PES), also known as Payments for Environmental Services (or Benefits) broadly defined, is the practice of offering incentives to farmers or landowners in exchange for managing their land to provide some sort of… …   Wikipedia

  • Payment For Order Flow — The compensation and benefit a brokerage receives by directing orders to different parties to be executed. The brokerage firm receives a small payment, usually a penny per share, as compensation for directing the order to the different parties.… …   Investment dictionary

  • Specific duty — Duty Du ty, n.; pl. {Duties}. [From {Due}.] 1. That which is due; payment. [Obs. as signifying a material thing.] [1913 Webster] When thou receivest money for thy labor or ware, thou receivest thy duty. Tyndale. [1913 Webster] 2. That which a… …   The Collaborative International Dictionary of English

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