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Method of Payment |
Also found in: Acronyms | 0.01 sec. |
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Method of payment Method of Payment The way one pays for a transaction. The three most basic methods of payment are cash, credit, and payment-in-kind (or bartering). These three methods are used in basic transactions; for example, one may pay for a candy bar with cash, a credit card or, theoretically, even by trading another candy bar. However, they are also used in large transactions; mergers and acquisitions often occur with some combination of cash, bonds (which is a form of credit), and stock (often exchanging one stock for another). See also: Sale. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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