payment in cash or its equivalent

payment in cash or its equivalent
See cash or its equivalent.

Ballentine's law dictionary. . 1998.

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  • cash or its equivalent — Money or that which is convertible into money on presentation for payment, such as a check; but not the promissory note of the debtor himself given in payment of an obligation. Eckert v Commissioner, 283 US 140, 75 L Ed 911. 51 S Ct 374 …   Ballentine's law dictionary

  • down payment — The portion of purchase price which is generally required to be paid at time purchase and sale agreement is signed and is generally paid in cash or its equivalent. An amount of money paid to the seller at the time of sale, which represents only a …   Black's law dictionary

  • down payment — The portion of purchase price which is generally required to be paid at time purchase and sale agreement is signed and is generally paid in cash or its equivalent. An amount of money paid to the seller at the time of sale, which represents only a …   Black's law dictionary

  • international payment and exchange — ▪ economics Introduction international exchange also called  foreign exchange        respectively, any payment made by one country to another and the market in which national currencies are bought and sold by those who require them for such… …   Universalium

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  • income tax — a tax levied on incomes, esp. an annual government tax on personal incomes. [1790 1800] * * * Levy imposed by public authority on the incomes of persons or corporations within its jurisdiction. In nations with an advanced system of private… …   Universalium

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  • Toronto Transit Commission fares — Obverse and reverse of the TTC single ride token introduced in 2006. On the Toronto Transit Commission, fares may be paid with a variety of media, the price of which may be determined by the age of the rider. Contents …   Wikipedia

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