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Token payment
TOKEN PAYMENT

Definition: A small sum paid as evidence that the total debt is acknowledged.
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* All eight elements should be in.


1. Purposeful and necessary - the part payment - good intention.

2. Receipted appropriately with complete, correct details therein.

3. Paid directly by debtor from his resources, not from another IOU.

4. Amount is accepted by creditor, especially if it was negotiated.

5. Payment was effected timely and early, not the eleventh hour.

6. Expenses were not incurred before the creditor received sum.

7. The balance must eventually be paid - no waiver or write-off.

8. Money serves purpose(s), however sum was used or misused.



* This has nothing to do with law, please. That is, no tokenism here.



1 - 9% ... for THE SHYLOCK. [See perfect INDEBTEDNESS (2).)
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10% ... for GOD ALMIGHTY. [See perfect INDEBTEDNESS (1).)

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