TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

PAYMENT OBLIGATION [1 record]

Record 1 2003-09-05

English

Subject field(s)
  • Accounting
  • Public Sector Budgeting
  • Loans
  • Financial and Budgetary Management
CONT

A payment obligation is discharged by transferring "liquidity", ie the economic power necessary for immediate further economic action, to the payee.

CONT

Departmental accounting systems should be designed to enable accruals to be recorded for foods and services which have been received and for which definite obligation for payment will arise in the future ...

French

Domaine(s)
  • Comptabilité
  • Budget des collectivités publiques
  • Prêts et emprunts
  • Gestion budgétaire et financière
CONT

L'obligation de paiement d'un souscripteur est remplie lorsque le montant dû a été payé à l'aide d'un virement de fonds sur ce compte.

Spanish

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