Payment It is a term with different uses. When the word comes from the verb pay, it is about the delivery of a money or species that is due, or the reward, reward or satisfaction.
Payment is, therefore, a way to extinguish obligations through the effective fulfillment of a due benefit. He active subject It is who makes the payment: it may be the debtor himself or a third party (who pays on behalf and on behalf of the debtor). He passive subject Instead, it is the person who receives the payment (the creditor or his legal representative). Payment must always match the content of the obligation.
For example: "We have to call the company of Gonzalez, he has not made the payment of the month", "I am very happy, I just received payment for the work I did for the United States", "Miguel is worried, he has to make the rent payment but the money is not enough", "The worst part of my job is to claim payments and listen to customers' excuses.".
Starting from this meaning we find a great variety of terms that use that meaning and the word that concerns us to establish qualifications. Specifically, for example, there is what is known as a payment letter. This we can establish that it is a document in which a person acknowledges having received all or part of the debt owed to him.
In the same way, we cannot ignore the term payment dation either. This is mainly used in the field of Law to refer to that action carried out by the person who has a debt and who cannot settle the same through the corresponding money. In that case, what it does is to transmit to the creditor the domain of something (car, property ...) in substitution of the mentioned monetary amount.
Another of the terms related to that meaning at hand is suspension of payments. With that expression, what is done is to determine a situation in which a merchant or entrepreneur is at a time when he cannot cope with the payment of expenses and responsibilities he has. A situation that, as a general rule, is usually communicated to the relevant judicial authority to take it into account.
To all these exposed terms it would be necessary to add one more that is in the same line. We are referring to what is known as payment paper. This is a document issued by the Treasury and which aims to serve to meet a series of economic obligations with the State.
Another meaning of the term comes from the Latin word pagus and is linked to a certain district, village or village In Spain and other countries the concept is used to name relatively small territories , Meanwhile in Argentina , Uruguay and Bolivia payment is the place where a person born or ingrained: “I have lived here for forty years, but I still miss my payments”, “I work in the city, but my payment is the field”, “My girlfriend was born in Balcarce, Juan Manuel Fangio's payments”.