Payment Modality - FOLIO Ontology

Identification

IRI:

https://folio.openlegalstandard.org/R8V9Ma3IrggNq0pxeXl8Re5

Label Payment Modality

Preferred Label Negotiable Instruments

Identifier N/A

Alternative Labels

None

Definition

"Payment Modality" refers to the specific method or medium employed to execute the transfer of funds for the settlement of financial obligations or transactions. It encompasses a range of electronic, paper-based, and physical means, such as wire transfers, checks, and cash, used to facilitate payments between parties.

Class Relationships

Sub Class Of

• Financial Concepts and Metrics

Is Defined By

N/A

Class Hierarchy Visualization

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Additional Information

Metadata

Comment

None

Description

None

Notes

• None

Editorial Information

History Note

None

Editorial Note

None

Deprecated

No

Source and Origin

No source or origin information available