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Dowry is a payment of cash or gifts from the bride's family to the bridegroom's family upon arranged marriage. It may include cash, jewelry, electrical appliances, furniture, bedding, crockery, utensils, car and other household items that help the newlyweds set up their home.
A direct debit or direct withdrawal is a financial transaction in which one organisation withdraws funds from a payer's bank account. [1] Formally, the organisation that calls for the funds ("the payee") instructs their bank to collect (i.e., debit) an amount directly from another's ("the payer's") bank account designated by the payer and pay ...
Salary is commonly paid in fixed intervals, for example, monthly payments of one-twelfth of the annual salary. Salaries are typically determined by comparing market pay-rates for people performing similar work in similar industries in the same region.
The one-time payment adjustment counts certain months that were previously ineligible toward student loan forgiveness under income-driven repayment plans, or IDRs.
Instant payment. Instant payment (sometimes referred to as real-time payment or faster payment) is a method of electronic funds transfer, allowing for almost immediate transfer of money between bank accounts. This was in contrast to the previous transfer times of one to three business days that had been in place until the mid-2010s.
Remuneration Remuneration is the pay or other financial compensation provided in exchange for an employee 's services performed (not to be confused with giving (away), or donating, or the act of providing to). [1] A number of complementary benefits in addition to pay are increasingly popular remuneration mechanisms. [citation needed] Remuneration is one component of reward management. In the ...
The Oxford Dictionary of English (ODE) is a single-volume English dictionary published by Oxford University Press, first published in 1998 as The New Oxford Dictionary of English (NODE). The word "new" was dropped from the title with the Second Edition in 2003. [1] The dictionary is not based on the Oxford English Dictionary (OED) – it is a ...
Payment terms are usually stated on the invoice. These may specify that the buyer has a maximum number of days to pay and is sometimes offered a discount if paid before the due date. The buyer could have already paid for the products or services listed on the invoice. To avoid confusion and consequent unnecessary communications from buyer to seller, some sellers clearly state in large and ...