Q: Is payment the transfer of an item of value from one party to another in exchange for the provision of goods? ¶
A: Yes, and services or both, or to fulfill a legal obligation.
Q: Is payment permitted or accepted? ¶
Q: Is payment most commonly effected in the local currency of the payee? ¶
A: Yes, unless if the parties agree otherwise.
Q: Are payments frequently preceded by an invoice or bill? ¶
Q: Is payment indirect and the second one to R) is still direct)? ¶