Payments & operations

Retainer fee

A professional-service fee arrangement whose meaning depends on the engagement: it may secure availability or describe an advance applied to future work.

Also known as retainer

Revenue recognition

The accounting determination of when and in what amount revenue is recorded under the applicable reporting framework.

Security deposit

Money or value held as security for specified obligations, with any permitted deductions and return conditions determined by the agreement and applicable law.

Also known as security deposits

Split payment

A payment arrangement that allocates the proceeds or collection of one commercial transaction among multiple amounts or recipients according to defined rules.

Also known as payment split, payment splits

Subscription billing

The process of calculating and collecting charges for an ongoing product or service relationship according to a subscription’s pricing and lifecycle rules.

Transaction fee

A charge associated with performing or processing a transaction, whose amount and recipient depend on the network, payment method or service contract.

Also known as transaction fees

Treasury management

The management of an organization’s liquidity, funding and financial risks so that it can meet obligations and operate within its financial policies.

Also known as corporate treasury

Wire transfer

An electronic transfer of funds through a bank or wire-payment service, following that system’s messaging, settlement and operating rules.

Also known as wire transfers