Payment Definition–noun | 1. | something that is paid; an amount paid; compensation; recompense. | | 3. | reward or punishment; requital. | |
From Dictionary
System Definition–noun | 1. | an assemblage or combination of things or parts forming a complex or unitary whole: a mountain system; a railroad system. | | 2. | any assemblage or set of correlated members: a system of currency; a system of shorthand characters. | | 3. | an ordered and comprehensive assemblage of facts, principles, doctrines, or the like in a particular field of knowledge or thought: a system of philosophy. | | 4. | a coordinated body of methods or a scheme or plan of procedure; organizational scheme: a system of government. | | 5. | any formulated, regular, or special method or plan of procedure: a
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system of marking, numbering, or measuring; a winning system at bridge. | | 6. | due method or orderly manner of arrangement or procedure: There is no system in his work. | | 7. | the world or universe. | | 8. | Astronomy. | a. | a number of heavenly bodies associated and acting together according to certain natural laws: the solar system. | | b. | a hypothesis or theory of the disposition and arrangements of the heavenly bodies by which their phenomena, motions, changes, etc., are explained: the Ptolemaic system; the Copernican system. | | | 9. | Biology. | a. | an assemblage of organs or related tissues concerned with the same function: the nervous system; the digestive system. | | b. | the entire human or animal body considered as a functioning unit: an ingredient toxic to the system. | | | 10. | one's psychological makeup, esp. with reference to desires or preoccupations: to get something out of one's system. | | 11. | a method or scheme of classification: the Linnean system of plants. | | 12. | (sometimes initial capital letter ) the prevailing structure or organization of society, business, or politics or of society in general; establishment (usually prec. by the): to work within the system instead of trying to change it. | | 13. | Geology. a major division of rocks comprising sedimentary deposits and igneous masses formed during a single geologic period. | | 14. | Physical Chemistry. a combination of two or more phases, as a binary system, each of which consists of one or more substan
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ces, that is attaining or is in equilibrium. | | 15. | Computers. a working combination of hardware, software, and data communications devices. | | 16. | Checkers. either of the two groups of 16 playing squares on four alternate columns. | |
From Dictionary
Related topics from Britannicadomestic system
production system widespread in 17th-century western Europe in which merchant-employers "put out" materials to rural producers who usually worked in their homes but sometimes laboured in workshops or ...
jajmani system
reciprocal social and economic arrangements between families of different castes within a village community in India, by which one family exclusively performs certain services for the other, such as ...
mahalwari system
one of the three main revenue systems of land tenure in British India, the other two being the zamindar (landlord) and the ryotwari (individual cultivator). The word mahalwari is derived from the ...
Bounty System
in U.S. history, program of cash bonuses paid to entice enlistees into the army; the system was much abused, particularly during the Civil War, and was outlawed in the Selective Service Act of 1917. ...
jagirdar system
(Persian jagir: "holding land"; and dar: "official"), form of land tenancy developed in India during the time of Muslim rule (beginning in the early 13th century) in which the collection of the ...
postal system
the institution-almost invariably under the control of a government or quasi-government agency-that makes it possible for any person to send a letter, packet, or parcel to any addressee, in the same ...
manorialism
political, economic, and social system by which the peasants of medieval Europe were rendered dependent on their land and on their lord. Its basic unit was the manor, a self-sufficient landed estate, ...
labour economics
The productivity of a work force depends to a substantial extent upon the successful management of its payment system. Employees generally judge the "fairness" of their pay not by its absolute level ...
international trade
Governments may interfere with the processes of foreign trade for a reason quite different from those thus far discussed: shortage of foreign exchange (see international payment and exchange). Under ...
Economic Affairs
For the second year in succession, the international monetary scene was plagued by prolonged and, at times, intense exchange-rate instability (see ). As in 1992, this was centred principally on the ...
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