dishonored payment definition
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dishonored check dishonored check. Check that is returned unpaid by the bank on which it was drawn due to lack of sufficient funds. To knowingly issue a check that will be dishonored is a criminal offense in many jurisdictions.
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wages payable wages payable. Definition. Wages owed to an employee. For accounting purposes, this amount reflects wages earned by an employee for work that has been performed but not yet paid at the time of the report. Also known as salary payable. Use wages payable in a sentence.
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- To dishonor by a comparison with what is inferior; to lower in rank or estimation by actions or words; to speak slightingly of; to depreciate; to undervalue. Those forbidding appearances which sometimes disparage the actions of men sincerely pious.
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- noun, plural gratuities. 1. a gift of money, over and above payment due for service, as to a waiter or bellhop; tip. 2. something given without claim or demand. 3. British. a bonus granted to war veterans by the government. a bonus given military personnel on discharge or retirement.
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dishonor by non-payment dishonor by non-payment. 1. Failure of a drawee to pay a valid bill of exchange on its due date. This failure gives the drawer the legal right to the start a court action called protest. 2. Failure of a drawer to pay a valid check on presentment. In many jurisdictions, the drawer of a check that is dishonored due to insufficient funds is guilty of a criminal offense.
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- Financing payments are liquidated by deductions from these payments. Invoice payment means a Government disbursement of monies to a contractor under a contract or other authorization for supplies or services accepted by the Government.
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pay vb, pays, paying or paid. 1. to discharge (a debt, obligation, etc) by giving or doing something: he paid his creditors. 2. (when: intr, often foll by for) to give (money) to (a person) in return for goods or services: they pay their workers well; they pay by the hour. 3. to give or afford (a person) a profit or benefit: it pays one to be honest.
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- Deferred Payment (Usance) Letter of Credit. In Deferred Payment Letters of Credit, the buyer accepts the documents related to the letter of credit and agrees to pay the issuing bank after a fixed period. This credit gives the buyer a grace period for payment.
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0 100%FREQUENCYRarely used24 /100 (Industrial Relations & HR Terms) a sum of money given by an employer to an employee who has been made redundant: usually calculated on the basis of the employee's rate of pay and length of service Translations
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Preference Defenses Available to Creditors The Bankruptcy Code defines a preferential payment as including the following: 1  Any transfer of an interest of the debtor in property; 2  Made to or for the benefit of a creditor; 3  For on account of a debt which was owed by the debtor before the transfer was made;  Made while the debtor is insolvent;
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- Written By: Bridewealth, also called bride-price or marriage payment, payment made by a groom or his kin to the kin of the bride in order to ratify a marriage. In such cultures, a marriage is not reckoned to have ended until the return of bridewealth has been acknowledged, signifying divorce.
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Accounts payable Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents. An accounts payable is recorded in the Account Payable sub-ledger at the time an invoice is vouched for payment. Vouchered, or vouched, means that an invoice is approved for payment and has been recorded in the General Ledger or AP subledger as an outstanding, or open, liability because it has not been paid.
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PENAL CODE: OFFENSES If the landlord chooses to demand or require cash payment under these circumstances, the landlord must give the tenant a written notice stating that the payment instrument was dishonored, and the landlord must inform the tenant that he or she must pay in cash for a period determined by the landlord, not to exceed three months.
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- If an individual is paid an honorarium when they are really an independent contractor, Purchasing and Payment rules and processes are being circumvented. In addition, provincial government rules are potentially being circumvented, including those that restrict dealings with contractors, particularly consultants.
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Goldâs Gym Corporate Office Full Definition of PAYMENT. 1. : the act of paying. 2. : something that is paid: pay. 3. : requital. See payment defined for English-language learners. See payment defined for kids.ADVERTISEMENT.xamples of PAYMENT. 1  Payment is due on the first of every month. 2  Prompt payment of your bill ensures that you will not have to pay any additional fees. 3  We require payment in advance for all goods purchased. 4  a payment plan to reduce your debt. 5  cash, credit cards, and other methods of payment.
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amortization of premium Definition. Charges made against the interest received on a debt in order to offset a premium paid for the debt. Thus, with each periodic payment, a debtor is not only paying back interest, but also part of his or her premium. This leads to higher periodic payments than in the case when only interest is paid out.
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DEED OF TRUST Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than . (E) ﬁPropertyﬂ means the property that is described below under the heading ﬁTransfer of Rights in the Property.ﬂ (F) ﬁLoanﬂ means the debt evidenced by the Note, plus interest, any prepayment charges and
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restitution BusinessDictionary.com. Amount paid by an offender on the orders of a court in (1) returning a thing to its lawful owner, (2) restoring a damaged property to its original state, or (3) compensating the victim(s) of his or her wrong doing.
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- AWOL status, or other dishonorable status while on active military service is not eligible for Differential Pay. PERF means the Public Employees' Retirement Fund. SPD means the State Personnel Department. State Pay means the employee's current wages. TRF means the Teachers' Retirement Fund.
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31 U.S. Code Â§ 3324 - Advances 31 U.S. Code § 3324 - Advances. § 3324. Except as provided in this section, a payment under a contract to provide a service or deliver an article for the United States Government may not be more than the value of the service already provided or the article already delivered. (b) An advance of public money may be made only if it is authorized by—.
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- Acts 20:15 Sailing from there, we came the following day opposite Chios. The next day we touched at Samos and stayed at Trogyllium, and the day after we came to Miletus. Acts 20:17 From Miletus he sent to Ephesus, and called to himself the elders of the assembly. 2 Timothy 4:20 Erastus remained at Corinth, but I left Trophimus at Miletus sick. mi-le'-tus (Miletos): A famous early Ionian Greek city on the coast of Caria, near the mouth of the Meander River, which, according to Acts 20:15-21:1, and 2 Timothy 4:20 (the King James Version Miletum), Paul twice visited.
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payoff Legal Definition of payoff. 1  1 : the act or an instance of paying someone off : bribe — compare kickback. 2  2 : the act of paying a debt or creditor in full would release the lien upon the payoff of the balance.
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- (ˌɒn əˈrɛər i əm) n., pl. -rar•i•ums, -rar•i•a (-ˈrɛər i ə) 1. a payment in recognition of acts or professional services for which custom or propriety forbids a price to be set. 2. a fee for services rendered by a professional person. [1650–60; < Latin honōrārium fee paid on taking office, n. use of neuter of honōrārius honorary]
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Death Before Dishonor â The Meaning Death before dishonor is a phrase whose meaning I take to be obvious, unlike some idioms like “walking the straight and narrow.” It means that the person saying it would rather die than suffer any insult to his or her honor.
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- A premium payment will be considered as having been received by Molina Healthcare, Inc. upon actual receipt of the payment from your designated bank or from your payment card. The statement from your bank or payment card that payment was made to Molina Healthcare, Inc. is your receipt that Molina Healthcare, Inc. received the payment. If your authorization is rejected, dishonored, returned, reversed or adjusted by your bank or payment card for any reason, you will be responsible for any charges imposed by your bank or the payment card if we submit the payment authorization a second time.
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42 U.S. Code Â§ 1320aâ7a - Civil monetary penalties (2) Any physician who knowingly accepts receipt of a payment described in paragraph (1) shall be subject, in addition to any other penalties that may be prescribed by law, to a civil money penalty of not more than $2,000 for each individual described in such paragraph with respect to whom the payment is made.