# Payment Modality

**IRI:** https://folio.openlegalstandard.org/R8V9Ma3IrggNq0pxeXl8Re5

## Labels

**Preferred Label:** Negotiable Instruments

## 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.

## Sub Class Of

- https://folio.openlegalstandard.org/RhBgnef56iLBXYfPqWQE41

## Parent Class Of

- https://folio.openlegalstandard.org/R54wZIS4Qj7j9089Oe2xh5
- https://folio.openlegalstandard.org/R8WOVQCUTOW5HHWHyLyC0Gn
- https://folio.openlegalstandard.org/R9EPT10SufbUlTqTjD85mSZ
- https://folio.openlegalstandard.org/R9Yin9d0YtF1BoKEXRjcCo7
- https://folio.openlegalstandard.org/RCZ6fXRHbuqgdaGFajrrcVk
- https://folio.openlegalstandard.org/RCZcYRC2pCgLbf00ULCGqd4
- https://folio.openlegalstandard.org/RCfQRpRfV3qAA0eRlZOvCGB
- https://folio.openlegalstandard.org/RD2uL5bdttlZDkKgkhk2jS8
- https://folio.openlegalstandard.org/RDO3UKXcvzCX1v6RIJEbhiy
- https://folio.openlegalstandard.org/Rrt9KJEwo6Yz8wbXcaZL3i

**Deprecated:** False