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Payment (2)
PAYMENT (2)

Definition: A sum of money paid or expected to be paid.
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* All twelve elements should be in.


1. Purposeful and meaningful - the payment or the expectation.

2. Necessary and reasonable to pay or to expect payment.

3. Authorized and approved, that is, legal, where required. In other words, transaction or deal is not illegal.
__________________

HOWEVER PAID OR EXPECTED TO BE PAID.
Below the Line
1. Payment or expectation is specific and/or identifiable (connect to #3 above the line).

2. Sum or expectation is assessable and/or measurable (connect to #1 below the line).

3. Sum paid is real or expectation of payment is realistic or realizable (connect to #2 below the line).
____________

WHOEVER THE BENEFICIARY.


further below the line


1. Time of payment or expectation of when payment will be made will be prompt or as at when due.

2. Source(s) of funds or expected source(s) of fund(s) is/are genuine. That is, money is hopefully sourced in a legitimate manner.

3. Amount of money or basis of the expectation is correct.
__________

WHATEVER THE AMOUNT.


much further below the line


1. Recipient or beneficiary is or will be the appropriate person/organization.

2. Beneficiary is or will be deserving of the payment.

3. Payment or expectation serves purpose(s).
____________

IN WHATEVER CURRENCY.

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