noun

definition

The act of paying.

definition

A sum of money paid in exchange for goods or services.

Examples of payments in a Sentence

You've never had to pay house payments or utilities.

The conquerors were feudatories of the reigning prince or sultan, and their payments consisted principally in providing fighting forces to make up the armies of the prince.

The decisions on the point are numerous and difficult to reconcile, but the main test is whether, on the true construction of the particular covenant, the lessee has undertaken to indemnify the landlord against payments of all kinds.

By financial expedients of this kind payments were effected by the treasury ill fifteen years (1881-1896) amounting to £T11,666,000 or at the rate of nearly £T800,000 per annum.

Albrecht had been elected at the age of twenty-four to a see already impoverished by frequent successions and payments of annates to Rome.

This, however, was just the beginning of the global payments network.

During the 13th century there arose a tendency to commute labour-rents for money payments.

The fall in prices was aggravated, first by the unpropitious weather and deficient harvest of the years 1816, 1817, and still more by the passing in 181 9 of the bill restoring cash payments, which, coming into operation in 1821, caused serious embarrassment to all persons who had entered into engagements at a depreciated currency, which had now to be met with the lower prices of an enhanced one.

The cottonclearing house substituted book-keeping for the bulk of these payments.

Both in 1876 and 1884, after his failure to receive the nomination for the presidency, he was nominated by the Democratic National Convention for vice-president, his nomination in each of these conventions being made partly, it seems, with the hope of gaining "greenback" votes - Hendricks had opposed the immediate resumption of specie payments.

Conditions were sometimes attached to emancipation, as of remaining for life or a definite time with the former master, or another person named by him, or of performing some special service; payments or rights of succession to property might also be reserved.

The assignats had now become totally valueless - the abolition of the "maximum" the previous year (1795) had produced no effect, and, though, by various payments into the treasury, the total number had been reduced to about 24,000,000,000 francs, their face-value was about 3 o to I of coin.

If payments due to the government are not made within two months of due date, the mines may be seized by the authorities and sold to the highest bidder.

Turkey's severity in repressing the Bulgarian insurrection had raised up in England a storm of public opinion against her, of which the Liberal opposition had taken the fullest advantage; moreover the suspension of payments on the Ottoman debt had dealt Turkey's popularity a blow from which it had never recovered.

The sum fixed was subsequently thought too large, and in 1832 the arrears, amounting to a considerable sum, were remitted, and all future payments on this account relinquished.

The scheme came into operation in June 1898, and not only was a complete suspension of payments avoided but the financial situation was greatly improved.

The president-elect accordingly undertook with the full approval of Dr Moraes, who was still in office, the task of visiting Europe with the object of endeavouring to make an arrangement with the creditors of the state for a temporary suspension of payments.

During these years Venezuela had been pursuing the dangerous policy of granting interest guarantees on the construction of railways by foreign corporations, which not only brought the government into conflict with them on account of defaulted payments, but also through disputed interpretations of contracts and alleged arbitrary acts on the part of government officials.

All that is known of him from this date to his death about 1520 is derived from the poems or from entries in the royal registers of payments of pension and grants of livery.

The payments amounted in1906-1907to £1,662,942.

Crowds of merchants with their hats on transacted business in the aisles, and used the font as a counter upon which to make their payments; lawyers received clients at their several pillars; and masterless serving-men waited to be engaged upon their own particular bench.

A grant of this sort implied that the gildsmen had the right to trade freely in the town, and to impose payments and restrictions upon others who desired to exercise that privilege.

Officers, commonly called wardens in England, were elected by the members, and their chief function was to supervise the quality of the wares produced, so as to secure good and honest workmanship. Therefore, ordinances were made regulating the hours of labour and the terms of admission to the gild, including apprenticeship. Other ordinances required members to make periodical payments to a common fund, and to participate in certain common religious observances, festivities and pageants.

In the course of a long period characterized by a weak central government, it was not difficult to enlarge the rights which the lord thus obtained, to exclude even the king's personal authority from the immunity, and to translate the duties and payments which the tenant had once owed to the state into obligations which he owed to his lord, even finally into incidents of his tenure.

There was great variety regarding the occasion and amount of these payments, and in some parts of the feudal world they did not exist at all.

Something like taxation occasionally occurred, though the government was usually sustained by the scanty feudal payments, by the proceeds of justice and by the income of domain manors.

When after the end of the war the question of financial readjustment came up, he vigorously opposed Secretary Hugh McCulloch's policy of retiring the legal tenders, and urged a different plan for effecting the resumption of specie payments.

The Resumption Act of 1875, which provided for the return of specie payments four years later, was largely his work both in inception and in formulation, and his appointment to the head of the Treasury Department by President Hayes in 1877 enabled him to carry the policy embodied in the law to successful execution.

In 1876 interest payments on account of this debt were suspended and in1879-1882the war with Chile deprived Peru of her principal sources of income - the guano deposits and the Tarapaca nitrates.

P. Jones of Nevada advocating a speedy return to specie payments.

Exemption was obtained from these incidences of feudalism by large payments to the Crown in return for charters covenanting that Malta should for ever be administered under the royal exchequer without the intervention of intermediary feudal lords.

The American firm assisted in funding the national debt at the time of the resumption of specie payments, and the London house were fiscal agents of the United States government in 1873-1884, and as such received the $15,50o,000 awarded by the Geneva Arbitration Court in settlement of the "Alabama Claims" against Great Britain.

The pope, moreover, had come to depend to a considerable extent for his revenue upon the payments made by his nominees, which represented a corresponding drain on the resources of the secular states.

He induced these to unite in opposing the Lutheran heresy on condition that the pope would issue a decree providing for some of the most needed reforms. There was to be no more financial oppression on the part of the clergy, and no unseemly payments for performing the church services.

Taxes are uncompensated payments; they may be described as of the nature of robbery.

The king enjoys a civil list of 3,674,927 marks or about £185,000, while the appanages of the crown, including the payments to the other members of the royal house, amount to £ 2 9,544 more.

Notwithstanding the fact that the banking law raised the tax-free note issue in 1911 from 400 to 600 millions of kronen, in 1913 the bank was unable to avoid incurring tax payments for notes issued in excess of the amount allowed free of tax, a state of affairs which had no parallel in the bank's history.

Largely owing to friction between himself and the president, Bristow resigned his portfolio in June 1876; as secretary of the treasury he advocated the resumption of specie payments and at least a partial retirement of "greenbacks"; and he was also an advocate of civil service reform.

Through his generals Ardoburius and Aspar he waged two fairly successful wars against the Persians (421 and 441), and after the failure of one expedition (431) by means of a gigantic fleet put an end to the piracies of the Vandal Genseric. A Hunnish invasion in 408 was skilfully repelled, but from 441 the Balkan country was repeatedly overrun by the armies of Attila, whose incursions Theodosius feebly attempted to buy off with everincreasing payments of tribute.

In respect of the former an increase of 30% in the payments to the insured as compared with July I 1917 was made, while at the same time better terms were given in the insurance of miners and of railwaymen; insurance against sickness was completed by extending it to agricultural and domestic workers as well as to the families of the insured.

Payments of arrears, now amounting to upwards of 4000 florins, was not, however, in the desperate condition of the imperial finances, to be hoped for; and he was glad, while retaining his position as court astronomer, to accept (in 1612) the office of mathematician to the states of Upper Austria.

The condition of the Indians on the plantations is often akin to slavery, owing to the system adopted by some planters of making payments in advance; for the Indians soon spend their earnings, and thus contract debts which can only be repaid by long service.

From 1860 to 1870 the population increased 22.6%, and the net ordinary expenditures of government, not including payments on the national debt, rose 173%; from 1870 to 1900 the corresponding figures (using the official estimated population) were 129% and 408%.

Another old explanation was that fines and taxes were at one time paid in figs, wine and oil, and those who collected such payments in kind were called sycophants because they "presented," publicly handed them over to the state.

The cities, towns and municipalities resort to it to supply their local needs, and there is a tendency, especially pronounced in Ontario on account of the excellence of her municipal system, to devolve the burden of educational payments, and others more properly provincial, upon the municipal authorities on the plea of decentralization.

Hayes stoutly advocated the speediest practicable resumption of specie payments, and carried the election.

During his administration President Hayes devoted his efforts mainly to civil service reform, resumption of specie payments and the pacification of the Southern States, recently in rebellion.

Although the resumption of specie payments had been provided for, to begin at a given time by the Resumption Act of January 1875, opposition to it did not cease.

Meanwhile, however, the preparations for the return to specie payments were continued by the Administration with unflinching constancy and on the 1st of January 1879 specie payments were resumed without difficulty.

He took a prominent part in the corn-law debates of 1814 and 1815; and in 1819 he presented a memorandum to Lord Liverpool advocating a large reduction in the unfunded debt, and explaining a method for the resumption of cash payments, which was embodied in the act passed the same year.

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