Economy

What is payment? »Its definition and meaning

Anonim

Payment, a word that comes directly from the verb Pay, its most common application indicates that the payment is a tribute that is offered in exchange for a service or for the acquisition of a product. When a payment is delivered, whoever receives it is receiving profit for what he did or delivered, whoever pays it, is satisfied by the concept of what is received by the owner of the product or service. The payment is a tribute and from this concept meanings are given off in the same wave but of different application.

In ancient times, civilizations developed their lives through mystical and religious beliefs, which according to the believers requested these payments as rewards for the lives and the prosperity given. In such a way that through rituals and sacrifices, the inhabitants of these legendary tribes offered various tributes to deities and gods in gratitude for the favors conceived.

The payment can be seen as a thank you or an award by the recipient, who usually has a commitment to offer it as a gesture of compensation. In today's society in cities where commerce prevails, the term is very common and appropriate in almost all places, since the mode of commercialization asks people to pay for the services or products delivered. You need to understand the notion of a payment if you need to want to buy something with a price. The price is the value of a product or a service which must be paid in order to enjoy it. Most of the time, payments are in money, moneyIt is a representation of the monetary value of things, with this tool the exchange of objects, products or services is facilitated. However, a payment can still be a barter, that is, a non-monetary form of payment is one that is paid with goods or services. It is not common, but if it is valid, when the parties agree, such a case is clear.