Payment

Underpayment is meant to make someone else willfully money. Payment is usually the performance of a monetary obligation, such as the payment of a purchase price, the payment of damages or the payment of a loan.

The payment is the end of the period until the date of maturity, settled by the payment terms. In case of early payment or prepayment deduction of a discount can be offered. Small amounts, especially in retail, are usually paid with cash or with credit cards.

For a contractual service the following payment methods, for example, be agreed:

• Down payment
• Prepayment
• Final payment
• Part of final payment.

Payments can be made by:

• Debit order
• Letter of credit ( export )
• Cash also COD (cash against delivery of the goods by courier or transport company )

• ( Execute order to a financial institution, a debit in constant sum at certain recurring appointments ) Direct Debit Standing Order

• Standing order (order to a bank to transfer a constant sum on specific dates )

Until the termination of the proceeding was opportunity:

• Postal money order ( cash deposit, followed by cash payment to the recipient )