Medical research

Study finds the SARS-CoV-2 virus is not viable on cash banknotes

When the COVID-19 pandemic hit, many businesses stopped accepting cash payments in an effort to reduce the spread of the virus. While neither the CDC nor WHO ever banned the use of paper money, many businesses still only ...

Psychology & Psychiatry

COVID vaccines: We need to find out which incentives actually work

The most powerful tool for combating COVID is not a drug or a vaccine, but a method. A randomized trial is the best way to discover what works and what doesn't. This method underlies much of the progress in modern medicine, ...

Medical economics

Patients burdened by cost of diagnostic imaging interpretations

(HealthDay)—Secondary interpretations of diagnostic imaging examinations result in small but real patient financial burdens, according to a study published online July 19 in the Journal of the American College of Radiology.

Medical economics

Pharma companies paid over £1 million to UK parliamentary groups

Sixteen of the 146 health-related All-Party Parliamentary Groups (APPGs) in the Houses of Parliament (UK) received over a £1 million in payments from 35 pharmaceutical companies between 2012-2018 according to a new study.

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Payment

A payment is the transfer of wealth from one party (such as a person or company) to another. A payment is usually made in exchange for the provision of goods, services or both, or to fulfill a legal obligation.

The simplest and oldest form of payment is barter, the exchange of one good or service for another. In the modern world, common means of payment by an individual include money, cheque, debit, credit, or bank transfer, and in trade such payments are frequently preceded by an invoice or result in a receipt. However, there are no arbitrary limits on the form a payment can take and thus in complex transactions between businesses, payments may take the form of stock or other more complicated arrangements.

In law, the payer is the party making a payment while the payee is the party receiving the payment.

This text uses material from Wikipedia, licensed under CC BY-SA