Payment Modality
type: Class
preferred label: Negotiable Instruments
subclass of: RhBgnef56iLBXYfPqWQE41
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.