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of <h1>Payment legally defined as discharging obligations through money or valuable consideration delivery requiring mutual assent</h1> Payment is legally defined as the act of paying or discharging an obligation through delivery of money or other valuable consideration. Various legal dictionaries and authorities establish that payment encompasses the discharge of debts, obligations, or duties, satisfaction of claims, and fulfillment of agreements. In legal contemplation, payment constitutes the discharge of an obligation by delivering money or its equivalent, typically requiring assent from both contracting parties. The term includes both the action of paying and the amount paid or payable, serving as recompense or satisfaction for obligations owed.
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