FOLIO Ontology

Payment Modality

IRI:
https://folio.openlegalstandard.org/R8V9Ma3IrggNq0pxeXl8Re5
Preferred Label Negotiable Instruments
Alternative Labels

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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.

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Is Defined By

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See Also

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Class Hierarchy Visualization

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Additional Information

Metadata

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Description

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Notes

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Editorial Information

History Note

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Editorial Note

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Identifier

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Deprecated

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Source and Origin

No source or origin information available