Progress Payment - What do you mean by payment?

Q: What do you mean by payment?

Payment is the transfer of money or goods and services in exchange for a product or service. Payments are typically made after the terms have been agreed upon by all parties involved. A payment can be made in the form of cash, check, wire transfer, credit card, or debit card.

Answer

Money or goods and services are exchanged for products and services in a transaction known as payment. In most cases, parties will agree on the conditions before making any payments. Cash, checks, wire transfers, credit cards, and debit cards are all acceptable forms of payment.

Progress Payment - What do you mean by payment?

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