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Underpayment
UNDERPAYMENT

Definitions:

i. Payment smaller than needed or expected payment.

ii. The act of paying less than required.

iii. The act of paying someone too little for the work they do, or an occasion when this happens.

iv. The act of paying less than is necessary or less than the value of something, or an occasion when this happens.

v. (banking, finance) The act of making smaller payments than originally agreed when paying back a loan, or an occasion when this happens.
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* All seven elements should be in.

* Not merely about some occasion.


1. Defensible or justified in the circumstances.

2. Valuation or estimation was properly done... prior price pricing or billing for service rendered.

3. Agreement was not in place to pay less.

4. Not from forged notes and/or false coins.

5. Considerable financial loss happens.

6. Outstanding won't be written-off... that is, efforts to recover the shortfall would be made later.

7. Amount less by sure valuable.
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See perfect SHYLOCK.

See perfect PENNYWISE.

See perfect OVERPAYMENT.

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