LeoGlossary: Payment

8 mo (edited)
1 Min Read
131 words

How to get a Hive Account

A voluntary tender of money, or an equivalent, by one party in exchange of goods or services deemed in acceptable proportions. This will previously be agreed upon by the parties involved.

The one making the payment is the payer while the ones receiving it is the payee.

Payments can take on different forms. Some are:

Payments are usually made in some form of currency. To create a quantifiable transactions, there needs to be a standard unit of account. Often this is solved utilizing the currency denominations associated with the legal tender.


Posted Using LeoFinance Beta