Receipt for Payments - Template
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Payment may defined as the satisfaction of a promise or the performance of an agreement. Elements of payment are
the complete or partial discharge of an obligation;
by actual or constructive delivery;
of money or its equivalent (such as property);
by or on behalf of the person obligated to make payment;
" to the person entitled to payment;
" for the purpose of satisfying the obligation in whole or in part; and
" its acceptance as such satisfaction of such obligation by the person who is obligated to make payment.
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